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Tech Stocks: Groupon Is Effectively Insolvent | Markets | Minyanville.com

Investors beware -- the company owes $230 million more than it has, appears to be burning through $100 million or more a quarter, and is using money raised from later investors to pay back early investors.

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Tags: groupon | tech stocks | insolvent | ponzi scheme | andrew mason | cash flow | bad purchases
first added by orangeuglad, last updated 11 months 32 days ago