Groupon investors race for exit

Groupon investors race for the exits as lockup ends

Groupon shares dropped to a new all-time low today as its lockup ended, releasing a torrent of new shares onto the market. Thirty minutes into the trading session, Groupon had already traded 75% of its average daily trading volume. This was Groupon’s third highest volume trading day. (Disclosure: I have various puts against Groupon.)

Facebook potential

6 multibillion dollar businesses Facebook would do really well at

With Facebook’s IPO less than 24 hours away, I remain very bullish about the company. (Disclosure: I have entered my indication of interest with my broker for an IPO allocation. I expect that, like most people who ask for shares, I will get none.)

Predicting Facebook's future

Hey, doomsayers, Facebook will do much better than you think

With Facebook’s highly anticipated IPO just a couple of days away, the press has been covering all kinds of depressing opinions from skeptics, naysayers, and suit-wearing Wall Street executives. Yes, it’s important to play devil’s advocate and look at the Facebook IPO from all sides, but don’t let the tidal wave of doom-saying drown out the obvious: Facebook has a lot of trump cards left to play.

ss-finger-pointing

Who is to blame for the Groupon fiasco? Everyone

We’ve heard quite a few opinions about who’s to blame for Groupon’s IPO fiasco ever since the company announced a restatement of its earnings last Friday and indicated that it had material weakness in its internal controls. Andrew Ross Sorkin of The New York Times blames greedy tech companies. Sarah Lacy of Pando Daily blames greedy Wall Street bankers. They’re both right — and they’re both wrong. The blame for this fiasco can be spread far and wide.

collapse

Why Groupon is poised for collapse

Groupon was forced to restate fourth quarter earnings, sending its stock down 6% in after-hours trading. This surprised me as much as my $2 investment in the Mega Millions jackpot not paying off.

Zuckerberg a no-show at pre-IPO analyst meeting

Mark Zuckerberg may have completed the ultimate power play in nabbing a majority of Facebook’s voting rights, but the youthful chief executive would apparently prefer to take a back seat as his social networking company courts analysts and investors on the road to a public offering.

Facebook worth $94B, private market says

Now that Facebook is fast on its way to becoming a public company, and its financials have been laid bare, there’s just one question that remains unanswered: What is Facebook actually worth?

Why I’m so bullish on Facebook

Facebook faces some real challenges when it comes to keeping up its growth pace, as I covered yesterday. But I’m still bullish on the company, and here’s why.

tickets

Facebook’s next big move: a paywall?

Facebook’s IPO filing yesterday comes after a highly  successful 2011 — $3.7 billion in revenue, $1 billion in profit according to recent reports. Yet, as the world eagerly awaits the opportunity to invest in the social networking giant, it’s worth asking, where does Facebook go after the FB ticker starts trading?

hurdles

Rocky Likes Facebook … but sees some challenges

Facebook is a fantastic company that will be sold at a fantastic premium. That’s my key takeaway from the company’s filing of its S-1. The document, the first major public step in the process to an IPO, gives us a real look at the company’s numbers and insight into the minds of its management.

Cool private companies: 3 software firms making a splash (and cash)

As a software securities analyst, Richard Davis spends 200 days a year on the road visiting software companies. He goes to public companies such as Oracle and Salesforce.com, but he also visits up-and-coming software companies he thinks will go public in the near future. In his new column, Davis is going to talk about some candidates he thinks may be ripe for the IPO class of 2012 or 2013.

Andrew_Cleland

Zynga: Beyond the IPO

Three years ago, Mark Pincus told me that he was going to make Zynga more valuable than EA within five years. It took him only two.

Investors should be even more worried about Groupon, as its share price falls

Groupon’s stock has fallen precipitously during the last three days. Today, it broke below the Chicago-based couponers IPO price of $20.00 for the first time. At a recent price of $17.41, any IPO investors who were still holding on to the stock would be down nearly 13%.

yelp

Yelp’s IPO filing: no tricks, but big questions linger

Yelp’s S-1 for its upcoming IPO is a breath of fresh air. After five months of studying the S-1 of daily deals site Groupon, I’m glad to see local-business-reviews site Yelp come out with a reasonably clean document.Groupon tortured many accounting rules and made up some of its own (forcing it to amend its S-1 repeatedly and delaying its IPO), but Yelp seems to be playing by the books.

Groupon’s tricky S-1 math

[Editor’s note: This story is republished with permission by Rocky Agrawal. It originally ran yesterday on his blog, reDesign.]