December 1st, 2010
In other Google news, it appears that the Googleplex is poised to pay $5.3 billion . . . for Groupon.
To put that in some context, General Motors, which manufactures cars and trucks and has factories and whatnot has a market cap of $53B, only 10 times this valuation of Groupon.
The Dow Chemical Company, an industrial giant, has a market cap of $37B, just 6 times the valuation of Groupon. That’s the same as Colgate Palmolive, which also makes and sells a lot of actual, you know, stuff.
But Groupon is social networking! And no one could ever parachute in and instantly duplicate their business model!
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Don’t knock it, buddy. I believe Groupon bought you dinner and Legg Mason tickets recently. Sadly, today’s “special” was for laser hair removal, though that’s not as bad as last week’s eyebrow threading.
SkinsFanPG December 4, 2010 at 9:05 am
Groupon turned down the deal!