Groupon has no viable business model

Re:Groupon has no viable business model by namityadav on Wednesday August 17, 2011 @12:39PM (#2895888)

I'm guessing you don't know this -- Even if a groupon expires, you can redeem it for the purchase price. Ref: http://www.groupon.com/terms#terms-of-sale

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Re:Groupon has no viable business model by pinko on Wednesday August 17, 2011 @12:56PM (#2895963)

Amazing! I'm guessing 99.9% of Groupon users don't know this. I also can't imagine why Groupon is so generous in this respect, relative to other companies (even if it's clearly the "right" thing to do).

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Re:Groupon has no viable business model by jeffh on Wednesday August 17, 2011 @01:12PM (#2896032)

Actually some of the others do this as well. I believe that facet exists because of many States gift card laws. Yet another area that Groupon et al may hit issues with in the future.

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Re:Groupon has no viable business model by cjdavis on Wednesday August 17, 2011 @01:13PM (#2896038)

I'm not sure, but it could be that you are paying actual hard cash - much like a gift card. In many states it is illegal for gift cards to expire.

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Re:Groupon has no viable business model by alexg0 on Wednesday August 17, 2011 @02:00PM (#2896230)

Wow, turns out the expired groupons I have sitting around are worth something. Thanks.

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