<story><title>Groupon, which has lost 99.4% of its value since its IPO, names a new CEO</title><url>https://techcrunch.com/2023/03/31/groupon-which-has-lost-99-4-of-its-value-since-its-ipo-names-a-new-ceo-based-in-czech-republic/</url></story><parent_chain><item><author>ipnon</author><text>What’s the game theory of rejecting life-changing, never-work-again money?</text></item><item><author>MikeDelta</author><text>The market cap dropped from $17.8 billion to $104 million. They also rejected a $6 billion offer from Google (at one moment).&lt;p&gt;Probably a lot of regret among those who did not cash&amp;#x2F;sell out, but that is hindsight.</text></item></parent_chain><comment><author>TaylorAlexander</author><text>Well they turned down a $6B offer and then went public with a $13B valuation. If those with a lot of stock were cashing it out during the high period, they still got life changing money.</text></comment>
<story><title>Groupon, which has lost 99.4% of its value since its IPO, names a new CEO</title><url>https://techcrunch.com/2023/03/31/groupon-which-has-lost-99-4-of-its-value-since-its-ipo-names-a-new-ceo-based-in-czech-republic/</url></story><parent_chain><item><author>ipnon</author><text>What’s the game theory of rejecting life-changing, never-work-again money?</text></item><item><author>MikeDelta</author><text>The market cap dropped from $17.8 billion to $104 million. They also rejected a $6 billion offer from Google (at one moment).&lt;p&gt;Probably a lot of regret among those who did not cash&amp;#x2F;sell out, but that is hindsight.</text></item></parent_chain><comment><author>lisper</author><text>At least two possibilities:&lt;p&gt;1.  You could be beholden to investors who bought in at a higher valuation than the offer.&lt;p&gt;2.  Never-having-to-work-again can only be measured relative to a sustainable lifestyle, so this turns on what kind of lifestyle you want.  If you are content to live in a one-bedroom apartment in Topeka you need a lot less money to never-have-to-work-again than if you want a ten acre horse property in the Hamptons and a private jet.  To sustain that kind of lifestyle without working takes a hell of a lot of money.</text></comment>