Groupon Will Generate $500 Million, Be Profitable This Year

By Alexis C. Madrigal

Forbes points out that Groupon, a glorified coupon website, is "the fastest growing company ever." That's a testament to the American love for minor mass hysteria and a business that was built from the ground-up as a business, not a technology. Lots of fun facts about the company over at Forbes:

Unlike so many dot-com rockets, Groupon is a real business. Occupying 85,000 square feet inside a rehabbed eight-story former Montgomery Ward warehouse in Chicago's River North neighborhood, the company is on track to pass $500 million in revenue this year...

Read the full story at Forbes.

This article available online at:

http://www.theatlantic.com/technology/archive/2010/08/groupon-will-generate-500-million-be-profitable-this-year/61805/