Groupon's IPO may end up being valued around $20 billion, but is it actually worth that much? Maybe not, says e-commerce analyst Sucharita Mulpuru: "There is no rational math that could possibly get anyone to the valuation Groupon thinks it deserves...This IPO game isn't about finding value, it's about finding a greater fool who actually believes the valuation is true. Trust me, you will be the fool." [Chicago Tribune via Eater National]
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