Could another dotcom bubble be on the horizon? Less than a month after social networking site LinkedIn blew up in its blockbuster initial public offering, online coupon seller Groupon filed its S-1 form with the SEC.
The Chicago-based firm lost almost $120 million in the first quarter on sales of $644 million which to many sounds and feels a lot like the dotcom madness that ensued during the mid- and early 1990s when investment banks were trampling one another to take companies public even though they were essentially selling $1 bills for 85 cents apiece.
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