Back in December, Google made a bid for the social e-commerce company Groupon that valued the company at $6 billion, according to press reports. By the end of the month, TechCrunch and others were putting a nearly $8 billion value on the company based on a new round of venture capital (VC) funding. Two weeks into the New Year, The New York Times reported that Groupon was talking to Wall Street bankers about an IPO that would value it at $15 billion. By March, Bloomberg had upped the IPO price tag to $25 billion.
How does a company that helps people buy $30 worth of Chinese food for $15 see its estimated value more than quadruple -- to $25 billion, no less -- between Thanksgiving and St. Patrick's Day? Must be Internet II: Return of the Dot Com Bubble, right?
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Another Tech Bubble? Separating the Froth from the Facts
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