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More Groupon Backlash

groupon-clones.jpgTechCrunch suggests that Groupon is poised for collapse, calling the daily deal company "not an Internet marketing business so much as it is the equivalent of a loan sharking business." Poking at the economics: "They’re using money from new deals to pay for previous deals. They need to keep growing revenue. As of March 31, they owed merchants $290.7 million." [TechCrunch]