Group On – Behind The Curtains

GroupOn

Group On has been talked about for the last two years, the next big thing in the web, the ones who refused Google, the ones who are going to take to the next level. I didn’t get how exactly they were making money or what they were doing, and then they got a lot of negative press, they lost their top management within months and the CEO and Chairman were till their messing about. From the hype of being of an untouchable company turning down a Google buyout of $6 Billion and then falling from grace with the expectations for its market cap had fallen from $30 billion to closer to $10 billion. There is big story behind the scenes, check out the story from Gawker from the link below.

Link: Gawker