I just added to my small Groupon position after Groupon announced that Andrew Mason has been removed from his CEO position (Letter to employees: https://www.jottit.com/v5wux/ ).
What I have learned since the vicious tech bear market of 2000 and 2001 is that buying leading Internet brands when they fall hard on their behinds has worked very well for me. I have made a lot of money with Amazon (AMZN), Priceline(PCLN), eBay(EBAY), Netflix ($NFLX), and Expedia (EXPE).
The buzz surrounding Groupon today sounds similar to the Amazon.Bomb ... Amazon.Con discussions of 2001. Jeff Bezos discusses this in this video:
It is easy to hate Groupon right now. Anyone liking the company?
Written by Michael Bigger. Follow me on Twitter and StockTwits.