[bcrescimanno]

I'm absolutely unsurprised that the shares were sharply up on the open; IPOs over the past decade have mostly turned into government-sanctioned (or at least ignored) "pump-and-dump" operations. One of the things I've come to despite having moved to Silicon Valley is this absolutely infantile obsession with by-the-minute stock prices.

Congrats to Groupon on their successful IPO; I still have very strong doubts that they have any means of building a successful, sustainable business. Time will tell better than my attempts at fortune-telling.

[moreorless]

Everything points that the stock will be trading in the teens in the near future. Their financials are a joke. Their costs to acquire users are astronomical (http://adage.com/article/digital/groupon-marketing-spending-...) and their accounting is shady at best.