On the heels of filing its $750 million initial public offering, online coupon startup Groupon is under heavy scrutiny from critics.
Until recently, most people praised Groupon for its simplistic business model and its incredible growth, which some have called the fastest of any company to date.
Groupon lets users purchase deals for local merchants that usually come at very steep discounts — ranging anywhere from 30 to 80 percent off the regular sale price on food, trips, cheaper drinks at a local bar, etc. The company takes half of the money from every deal sold, which is a pretty easy way to bring in a lot of money without having to get creative.
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