2. Groupon was significantly overvalued.
2. Finally. The rest of the world caught on to what most anyone in the Tech community knew: Groupon was significantly overvalued.
The result of so many wall streeters missing the red flags? The valuation has been sliced in half, probably more. [Dealbook]
See also: Goldman Sachs loses $428 million in the third quarter (Goldman was a lead underwriter in GroupOn) [AP]
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