I totally called this one!!!
It was only a matter of time before this ponzi scheme imploded under its own lack of internal support. Sadly, the people who are going to get burned by this are the consumers, the retailers (some of which foolishly went into this with eyes wide open) and small investment firms. Sadly, the moron who started this mess as well as his executive officers will obviously make out like bandits, while claiming their idea was simply ahead of its time.
I still call bullshit on Groupon and it's CEO & founder should be stripped of all financial gains made during his tenure there and have his ass thrown in jail.
- Just TWO climate committee MPs contradict IPCC: The two with SCIENCE degrees
- 14 antivirus apps found to have security problems
- Feature Scotland's BIG question: Will independence cost me my broadband?
- Apple winks at parents: C'mon, get your kid a tweaked Macbook Pro
- FTC to mobile carriers: If you could stop text scammers being jerks that'd be just great