Linked List: June 4, 2011

Saturday, 4 June 2011

Like a Ponzi Scheme 

Conor Sen makes the case that Groupon is effectively insolvent:

So a company that owes $230 million more than it has, and appears to be burning through $100 million or more a quarter, is using money raised from later investors to pay back early investors? Sounds vaguely familiar.

(Via Rands.)