Groupon IPO Not Working Out? Duh.

Let's not go over the almost endless list of why Groupon has always had big problems. Let's just ask why the harsh litany of criticism didn't prevent investors from snapping up the company's IPO.

Perhaps the answer includes anticipated profits from flipping Groupon shares before the inevitable price crash. Maybe we didn't learn a thing from the big tech crash when companies with equally shaky balance sheets and funky business models were valued in the billions.

Or, by god, maybe we just love half-off bargains and assume that's good enough.