Garbage IPO of the Day: $GRPN
Here we are with another garbage IPO that the big boys have sold to the mom and paps (now bagholders). Today it is Groupon! $GRPN
Groupon is a stock that went public in 2012. It IPO’d Prime time in the bull run and you can see where the overall market is now compared to then, way up. Well GRPN is way down. After touching 31 the first week, investors have lost over 95% of their holdings and now holding the bag.
I honestly still use GRPN some, however I’m still not completely sure how they are in business. This is another case of bagholding before the term was crypto cool. It just goes to show that risk is EVERYWHERE, not just crypto.
Gotta love those deals though-excess imventory that can't sell on Amazon. The best part about Groupon is taking advantage of trial memberships whenever one feels up for some fun.
I have a feeling more than a few Nasdaq stocks are seriously overvalued at this time.
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