Company News
Nov
30
CEO Gabriel Shaoolian Interviewed By Reuters TV
By BFM
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Following the initial public offering (IPO) for Groupon, Reuters sought out Blue Fountain Media’s CEO Gabriel Shaoolian for his predictions about the future of Groupon and where the stock price was heading.
Shaoolian, citing several key flaws in Groupon’s business model, thought the stock price might drop by as much as 50%.
“There’s a lot of rising competition coming up,” Shaoolian told the Reuters audience. “Google’s coming up and Google’s going to be a very serious player. And there are a lot of small town coupon sites that target niche audiences.
