Groupon sells “Groupons” that allow its customers to eventually go and get something from the merchant that issues the Groupon. When Groupon sells a Groupon–say, a $25 coupon for $50 of belly-waxing services–Groupon collects the $25 immediately (from the subscriber’s…
Tag: Groupon
Bubble Theory and the Madding Crowd
In the investing world, we talk about bubbles. A bubble happens when stocks in a particular sector are over-hyped, and greed starts driving the market. In a stock market bubble, investors stop thinking about what they’re buying and start looking…