As I understand the definition that people have been bandying about, Groupon can't be a dead unicorn because they managed to go public. To be a Unicorn you have to be a privately held and venture backed company with a valuation (from your investors) of over $1B.)

While GroupOn went public, and continues to this day, just as Zynga did.

Groupon is still worth a couple of billion despite the beating it's taken from investors. Its revenue and EBITDA have consistently climbed in each year since going public, and there is plenty of cash on hand without a single cent of debt.

As usual, the Motley Fool's analysis is excellent: http://www.fool.com/investing/general/2015/04/07/bull-vs-bea...

GRPN is down nearly 46% since that was written...

That makes the bull side of the argument significantly stronger, especially given that N. American gross billings are up 12% year-over-year in the last quarter.

I have no financial position either way, and I'm not claiming everything is rosy for GRPN but it's very far from being a "dead unicorn" and at least by my analysis the stock is pretty undervalued at the moment.

The lower the stock drops the more it will rocket up!

The Motley Fool does seem to think that way sometimes.

Groupon's problem is with repeat business. I think they're still churning through naive businesses that don't understand the value proposition. If they can't get repeat customers then their upside is limited. I would be very wary of judging Groupon based purely on historic cashflow.

Groupon still has a $2.3B market cap.

My vote is for Fab, which went from $1B to effectively $0.

The public markets [1] would disagree.

[1] https://www.google.com/?q=GRPN

How are you disagreeing? GRPN is at like 15% of where it opened.