Operating Expenses Hitting the Roof
Not an investment advice, but despite recent GRPN price rise imho the company is still heading for bankruptcy. The company is burning through cash at an alarming rate with 2Q 2023 operating expenses reaching $160 million, while its revenue was less than $130 million!
Groupon’s Mgmt Dumping Their Stock
Even GRPN own management is getting rid of that hunk of junk. In 2Q2023 Groupon's management exercised over 1 million stock options and immediately sold their stock according to Yahoo Finance. This is a clear sign that even insiders believe the company is a sinking ship, and they just want to cash out before it’s too late.
Conclusion
Groupon is burning through cash and has no chance of extending its runaway, while the company's own management hurries to get rid of their stock, leaving us retail investors holding the bag!
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