Groupon, which has lost 99.4% of its value since its IPO, names a new CEO

Re:Groupon, which has lost 99.4% of its value since its IPO,... by umanwizard on Friday March 31, 2023 @02:29PM (#35391242)

Nothing wrong with the Czech Republic per se, but it’s at the far outskirts of the “Western world” and is nowhere near any modern tech hub. Hot tech companies tend to be run from California, Seattle, New York, London, etc., or alternatively Shanghai, Beijing, Tokyo, etc., not from small states in Central Europe far from either pole. Thus the company being run from Czechia is a sign of how far it’s fallen.

This isn’t a “jab” at the Czech Republic at all, which is by any measure a wealthy, developed, and well-run country where people have a high quality of life.

[ Parent | on HN ]

Re:Groupon, which has lost 99.4% of its value since its IPO,... by throwaway50601 on Friday March 31, 2023 @02:55PM (#35391630)

Prague is a small tech hub by capital size, but the tech they're building there is first class

[ Parent | on HN ]

Re:Groupon, which has lost 99.4% of its value since its IPO,... by ignite on Friday March 31, 2023 @04:22PM (#35393063)

JetBrains was founded in Prague. I suspect most people on hacker news are familiar with them.

[ Parent | on HN ]

Re:Groupon, which has lost 99.4% of its value since its IPO,... by umanwizard on Friday March 31, 2023 @05:20PM (#35393829)

I’m not claiming that it’s impossible for a top tech company to be run from Czechia. I’m only claiming that it’s uncommon.

[ Parent | on HN ]

Re:Groupon, which has lost 99.4% of its value since its IPO,... by throwaway50601 on Saturday April 01, 2023 @04:21AM (#35398376)

Not entirely true. They used to sit in Saint Petersburg AFAIK, and it used to be all-Russian team at the beginning. The Czech address had been (not sure about now) just a virtual HQ.

[ Parent | on HN ]