Groupon to IPO…for Billions!!!

According to Mashable – Goldman Sachs has approached Groupon to take the social coupon company public for a whopping  $15 to $20 billion valuation…WOW. I guess the offer from Google was a drop in the bucket according to this story…seems like we are back in the world of go-go day valuations. With the rumors of Facebook being valued at $50billion, now another social media company with irrational exuberant valuations it does feel like 1999 all over again.

Let us hope that NASDAQ 10,000 and free sushi for employees also comes with this latest insanity.



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Filed under Social media, Technology

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