We’ve all heard the rumors that Groupon is the fastest growing company ever. Today it finally opened its books in its preliminary filing to go public.
Wow.
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In the first quarter of 2009, the online deal company mustered only a quarter of million in revenue. In the first quarter of 2011, it brought in almost $650 million.
Wow.
Only slightly less wow, by the way, is the fact that Groupon lost $103 million in the first quarter. Marketing and SG&A are expensive.
