“Two days back, when I opened Twitter to check the topics that are trending, a piece of news struck me: “Deal of the day site Groupon files for IPO”. When I continued to read, I gathered the following facts: The two and a half years old e-commerce company is valued at 20 Billion Dollars. Though the revenues saw a surge, the company spends more and more to get it, the company has never seen any profits ever, its balance sheet shows a net loss of 400 Million Dollars last year and the first quarter results this year too showed a loss.”
Does anything look unusual here? I guess it does, looks like history is going to be repeated.