With Groupon, The Bubble Is Alive and Well in The Asset Management Industrial Complex
Groupon, a company that specializes in web based discounts in a nation addicted to shopping, with major investors from Fidelity, T. Rowe Price, Capital Group (American Funds) and Morgan Stanley, appears to be the latest casualty from the asset management industrial complex. The company, which has bled more ink than a busted Pitney Bowes postal machine, lost $390 million in 2010, and another $103 million in the first quarter of 2011.
