The comparison is that Groupon was exciting and hot at the time of the IPO, allowing investors and insiders to hype it and make a very profitable exit. But it turned out not to be great long term for a variety of reasons, so the stock price quickly fell (it's trading at something like 90% off peak).
Groupon is still a functioning business, of course, with something like $2bn/year in revenue. And WeWork might end up a functioning business as well, just like its competitors. But I think its best case is to end up like those competitors, which all have thin margins and look like regular old businesses, not profit fountains like Google, etc.
Groupon is still a functioning business, of course, with something like $2bn/year in revenue. And WeWork might end up a functioning business as well, just like its competitors. But I think its best case is to end up like those competitors, which all have thin margins and look like regular old businesses, not profit fountains like Google, etc.