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Google buy Groupon! $2.5billion

Discussion in 'Google' started by Jasonb, Nov 29, 2010.

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  1. Lex350

    Lex350 Notable Member

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    #21
    No way it sold for 2.5 bil. Thats just too much money.
     
    Lex350, Nov 30, 2010 IP
  2. homeworker11

    homeworker11 Banned

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    #22
    LOL how do you know?
    The fact is, they have :D
     
    homeworker11, Nov 30, 2010 IP
  3. deutsched

    deutsched Active Member

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    #23
    I highly doubt it
    Specially since it hasn't been confirmed anywhere yet
     
    deutsched, Nov 30, 2010 IP
  4. sar420

    sar420 Notable Member

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    #24
    @.5 billion is not that big for Google. That's nearly the same amount it paid to buy Youtube
     
    sar420, Nov 30, 2010 IP
  5. localdominator

    localdominator Peon

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    #25
    Google is very cash rich right now as a company and the stock is plenty high going into the new year. I think they will be acquiring more and more though the first quarter of 2011. They are also rolling out a bunch of new stuff Jan 1.
     
    localdominator, Nov 30, 2010 IP
  6. macca65

    macca65 Peon

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    #26
    Actually i used that figure from the same New York Times article, the full quote was:

    "Groupon’s success has helped turn the company into a cash-generating machine, signing up more than 12 million registered users and reaping more than $350 million in estimated annual revenue. "
    http://www.nytimes.com/2010/11/30/technology/30google.html

    But according to a Wall Street Journal report:

    "Groupon is on track to generate $600 million of revenue in 2010, estimates Barclays analyst Doug Anmuth, growing to perhaps $1.5 billion next year."
    http://online.wsj.com/article/SB10001424052748704679204575647042415871282.html

    Of course revenue is not the same as profit.
     
    macca65, Nov 30, 2010 IP
  7. MyEasyCpa

    MyEasyCpa Peon

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    #27
    What! Surely groupon is NOT worth THAT much? What are google gonna take over next?
     
    MyEasyCpa, Nov 30, 2010 IP
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