Tech

Wait, Wasn't Everyone Just Saying Groupon Was A 'Ponzi Scheme'?

By Henry Blodget
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Andrew Mason
The Rodney Dangerfield of companies. 

Yes, they were.

And, boy, were they confident about it.

And, boy, did they think anyone who said otherwise was a moron.

But wait, what's this?

  • Groupon just earned a profit?
  • Groupon had $40 million of operating income?
  • Groupon had $70 million of free cash flow?
  • Groupon has $1.2 billion of cash?
  • Groupon's North American business is accelerating despite lower marketing costs?

Funny how quiet all those people who said Groupon was a Ponzi Scheme have gotten all of a sudden.

SEE ALSO: Groupon Demolishes Expectations And The Stock Is Shooting Up

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Henry Blodget headshot on grey background
Henry Blodget
Henry Blodget cofounded Business Insider, then called "Silicon Alley Insider," in the loading dock of another New York-based startup in 2007. He served as Editor in Chief until 2017 and CEO until 2023. Business Insider is now owned by Axel Springer.A former top-ranked Wall Street analyst, Henry is often a guest on CNBC, CNN, MSNBC, NPR, and other networks. He has contributed to The Atlantic, Slate, The New York Times, Fortune, New York, the Financial Times, and other publications (including, of course, Business Insider!). He has written extensively about technology and investing and is the author of "The Wall Street Self-Defense Manual: A Consumer's Guide to Investing."
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