Groupon Founder, Next Internet Billionaire … Not So Fast

Back in June, The Wall Street Journal figured that Groupon Founder, Andrew Mason, was going to net $1.5 billion for his 7.7% share of the company’s Class A Stock. At that time The Journal figured that Groupon was worth $20 billion.

More recently, The Journal reported that Groupon’s value down to $11.4 billion, and pegged Mason’s wealth somewhere at only between $751-$844 million. (The Horror!)

Back in June, The Wall Street Journal figured that Groupon Founder, Andrew Mason, was going to net $1.5 billion for his 7.7% share of the company’s class a stock. At that time The Journal figured that Groupon was worth $20 billion.

More recently, The Journal Reported that Groupon’s value down to $11.4 billion, and pegged Mason’s wealth somewhere at only between $751-$844 million. (The Horror!)

Some might argue that the Journal’s $11.4 valuation of Groupon, is a little on the strong side. Sucharita Malpura, an analyst for Forrester Research, told The Christian Science Monitor that “Groupon is a disaster”. She said the company was a “shill that’s going to be exposed pretty soon.”

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