Groupon's stock continues to rise, like a phoenix. As of press time, it had climbed to $23.87, and not even the Wall Street Journal has an explanation for why. Here's its best attempt to hem and haw at this development:
Why? No reason that we can see. Yes, there is a newly issued stock recommendation from Evercore Partners, but that isn’t very bullish. In fairness, Groupon shares have been bouncing around a good bit. The company sold a small chunk of itself in its November IPO, and the dinky float tends to make stock prices volatile.
We might get some explanations come Wednesday, when the underwriters behind Groupon's IPO are no longer under the 40-day "quiet period" from equity research. But who the heck really knows -- and what good does explaining everything away do, anyway. The media at large seems to be in look-a-gift-horse-in-the-mouth mode. But hey, that's human nature.
Oh, wait. Someone does have all the answers: Business Insider claims it has crafted a graph that tidily explains whether Groupon will flourish or perish come Q4. It boils down to this: If Andrew Mason can keep Groupon's revenues above its expenses, then Groupon will be just fine. This is high-level analysis, people.
We'll give you a moment to let your brain catch its breath. Ready?
Meanwhile, Groupon seems to be aware of this as well, which explains Tuesday's "epic deal," an "international adventure in economy or business class" for the low, low price of $10,000 or $20,000 respectively. Hopefully it's better vetted than that deal allegedly linked to an ex-con. Remember that?
David Wolinsky is a freelance writer and a lifelong Chicagoan. In addition to currently serving as an interviewer-writer for Adult Swim, he's also a columnist for EGM. He was the Chicago city editor for The Onion A.V. Club where he provided in-depth daily coverage of this city's bustling arts/entertainment scene for half a decade. When not playing video games for work he's thinking of dashing out to Chicago Diner, Pizano's, or Yummy Yummy. His first career aspirations were to be a game-show host.