Groupon May Be Fastest-Growing Company Ever

CNBC:

Groupon, an Internet coupon start-up that is reportedly a Google takeout target, may be the fastest growing company in history. Just two years after its launch, revenue for the Chicago-based deal network is expected to exceed $500 million in 2010, according to analysts. That tops the growth of Zynga, a social gaming company that previously held the title, which took three years to hit that mark, points out Wedbush equity analyst Lou Kerner.

Read the whole story: CNBC

Comments

[ivettiso]

02:07 AM on 12/02/2010

Groupon preys on desperate businesses that need customers so badly they cheapen their product to people who are only interested in the deal. Great for Groupon, but bad for the business.

[holyghostie]

10:32 PM on 12/01/2010

The deals aren't that great at least in the month I've been watching.

[avocado]

07:39 PM on 12/01/2010

if you own a small restaurant do not under any circumstances do a groupon for your business.
No restaurant can even break even after a year from a deal that involves them getting 25% of the menu price. Very good for Groupon (low overhead); very bad for small restaurants (high overhead).
Of course, consumers love Groupon--everyone loves a bargain. But if you also love having small, individually owned restaurants, be careful what you wish for. They are the next Walmart, flattening the already pretty horizontal landscape of American cultural life. Hail all things global corporate, Hail Groupon.

[boyer37212]

06:07 PM on 12/01/2010

I wish was an early investor in Groupon. I'd have a mint today.

I doubt Google is getting a mint, however. Groupon structures its dealings with its customers to show great quarterly revenues. Their books would make anyones eyes pop out. However, I bet in three or four years, Groupon dwindles to nothing.