Groupon shares plunge: Drain in sight

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.


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