Pretty damn smart considering that they had the foresight of all this, when they filed for IPO in February.
Re:Overshadowed - Pandora Also Files For IPO
by r00fus on Thursday June 02, 2011 @06:59PM
(#2614372)
Google's $6B offer for Groupon was the catalyst, not some "foresight"... Groupon thought they could get better from an IPO than going with Google.
Re:Overshadowed - Pandora Also Files For IPO
by sliverstorm on Thursday June 02, 2011 @07:20PM
(#2614443)
He was referring to Pandora, the ones that filed in February.
They're very different from amazon, google, and apple's current/coming offerings as they don't offer streaming on demand; they're a radio service. Even if there were 20 different on demand offerings, their business would still be valid as they're really selling their selection algorithms.
Ridiculous price, though. $1B? Seems very high for a service that only provides radio.
Feels like Groupon is doing something similar. With Google and Facebook moving closer into local deals and LivingSocial nipping at its heels, its only a matter of time before Groupon starts feeling the heat.