Groupon Responds To IPO Backlash With A Cheeky Feline
If you’ve been following TechCrunch and the tech press at large in the weeks since Groupon filed its S-1, you’ve probably come across quite a few articles criticizing the company. Groupon may, according to various posts, violate consumer protection laws, implode, get pwned in China, and lead to bouts of temporary insanity over the coming months. Booo!
You may have also noticed that Groupon hasn’t done a whole lot to denounce any of these claims (they still haven’t gotten back to me on whether the service causes numbness in the toes). And for good reason: the company is currently in a ‘Quiet Period’ mandated by the SEC, during which there are restrictions on what it can say in public statements. But that doesn’t mean they can’t fight back, just a little.
Today in a post on its official blog, Groupon’s spokescat (appropriately named Groupon the Cat) has penned a witty rebuttal outlining the “hazing ritiuals” companies must go through en route to their IPOs. Some of the main points:
- Wait until the company is sleeping to smear scream-activated bees on its face. Lesson Learned: Don’t believe your company’s own “buzz.”
- Photoshop the company’s logo to appear to be shaking hands with James Buchanan, America’s worst president. Lesson Learned: Everything you see or read about a company is true, if it’s on a computer.
- Use the company’s cell phone to text a vote for the new M&M’s color to be a sickly ashen gray. Lesson Learned: Customers aren’t capable of making their own decisions.
- Kick sand in the company’s face. Lesson Learned: If the company survives, it’s time to move on to sand’s close relative, powdered glass.
- Write disparaging articles about the company. Lesson Learned: That’s what they get for trying to be a company.
It’s certainly a funny post, and it’s perfectly in line with the company’s other tongue-in-cheek statements (who can forget their announcement that “Group Raises, Like, A Billion Dollars
” earlier this year?)
But other tech companies that have recently gone through the IPO process, like LinkedIn and Pandora, haven’t been facing the same degree of negative press. Granted, they’ve both gotten plenty of critical coverage (the WSJ said
that investors should ‘Pass on Pandora’s Radio Flier’), but the flames weren’t nearly as intense or long-lasting as what Groupon’s faced. All of which goes to say, maybe Groupon’s getting picked on because it’s an easy thing to do, or maybe there’s something to the criticism.
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November 11, 2008
July 11, 2011, NASDAQ:GRPN
Groupon features a daily deal on the best stuff to do, see, eat, and buy in more than 565 cities around the world. By promising businesses a minimum number of customers, Groupon can offer deals that aren’t available elsewhere.
Groupon brings buyers and sellers together in a fun and collaborative way that offers the consumer an unbeatable deal, and businesses a large number of new customers. To date, it has saved consumers more than $300 million and claims it...