Groupon (GRPN +11.1%) adds to this morning's gains after CEO/maitre d' Andrew Mason makes a CNBC...


Groupon (GRPN +11.1%) adds to this morning's gains after CEO/maitre d' Andrew Mason makes a CNBC appearance to discuss his company's card reader launch. "We're more than just a coupon company," Mason asserts, while adding Groupon isn't focused on near-term profits as much as growth for its reader. This seems a good time to point out 20.3% of Groupon's float was shorted as of Aug. 31.

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Comments (2)
  • Deja Vu
    , contributor
    Comments (1805) | Send Message
     
    day before yesterday daily deals
    yesterday selling good like Amazon
    Today payments like Visa (the merchant payment "float" trick is addictive)
    tomorrow - next scam that generates a "float" (hey Mason, consider insurance, the mother of all floats).

     

    No doubt we'll see Groupon Insurance, just as surely as we see Facebook, Facebook the mobile, Facebook the search, Facebook the pizza delivery...

     

    IPO first, decide what business to even enter later...
    19 Sep 2012, 03:19 PM Reply Like
  • Sebanightwish
    , contributor
    Comments (1120) | Send Message
     
    Great GRPN, very good news. Mason, these mature, good to that! Keep it up, you still lack.
    I am long GRPN
    19 Sep 2012, 04:48 PM Reply Like
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