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Analyzing Groupon's IPO

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groupon-clones.jpgAnalysts continue crunching the numbers in the wake of Groupon's IPO filing and have more data-riffic ways to suggest its business model isn't sustainable. While Groupon's subscriber base keeps growing, each registered user is bringing in less money than in the early days. Also, case studies from the IPO filing suggest that Groupon is struggling in older markets like Boston. [NY Times]