That mentions revenues only, and you can't use that to translate directly to cash, they're not the same thing, you can't use those terms interchangeably.
If a company has 100K in revenues and 50K in expenses per month after one month they'll have 50K in cash, to give a very limited example.
So you have to take the revenues and reduce them by the burn rate to get an idea of how big groupons war chest really is.
According to groupons own filings they've got 208 million in the bank so they've spent a good 1.4 billion of that money they took in.
Of course 200+ million is still not exactly pocket change.
I don't quite follow the Warren Buffet link, his only comment on groupon as far as I know is that he said he'd read their IPO filing papers but that was about it.
If a company has 100K in revenues and 50K in expenses per month after one month they'll have 50K in cash, to give a very limited example.
So you have to take the revenues and reduce them by the burn rate to get an idea of how big groupons war chest really is.
According to groupons own filings they've got 208 million in the bank so they've spent a good 1.4 billion of that money they took in.
Of course 200+ million is still not exactly pocket change.
I don't quite follow the Warren Buffet link, his only comment on groupon as far as I know is that he said he'd read their IPO filing papers but that was about it.