Seeking Alpha
Professor, REITs, long/short equity, macro
Profile| Send Message|
( followers)  

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.

[Click to enlarge]

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.

Source: Pre-IPO, Groupon's Explosive Growth Merits a 'Wow'