Browsing All Posts filed under »Assets and Such«

Where Did Groupon’s $946 Million Funding Go?

June 3, 2011

0

Groupon raised close to $1 billion in January this year, well $946 million to be exact. By March, it had $209 million in cash. So where did the money go? The company kept $136 million to keep the company running while the remaining $810 million was paid out, via stock purchases, to employees and early […]

Andrew Mason’s Letter to Potential Stockholders

June 3, 2011

0

Dear Potential Stockholders, On the day of this writing, Groupon’s over 7,000 employees offered more than 1,000 daily deals to 83 million subscribers across 43 countries and have sold to date over 70 million Groupons. Reaching this scale in about 30 months required a great deal of operating flexibility, dating back to Groupon’s founding. Before […]

Groupon’s IPO

June 3, 2011

0

Haven’t you heard? Groupon just filed an S-1 with the SEC to raise $750 million in an IPO. Here are some of the important information: 1. Groupon lost $413 million in 2010. 2. Revenues in 2010 were recorded at $713 million. 3. Q1 2011 revenues were $645 million (90% of total revenue in 2010!). 4. […]

How to Grow Your Money

May 20, 2011

0

Okay, if you are holding some cash and you are not going to use them: 1. Put them in a savings account. Not just any savings account, get an Islamic savings account. The interest rate (0.9%) is about 2 – 3 times higher than a conventional savings account (0.3%). Most major banks offer Islamic banking […]

My First Home Scheme Needs Revision

May 20, 2011

0

The government’s My First Home Scheme is a collaborative initiative with the national mortgage company, Cagamas Berhad, and other financial institutions to reduce the burden of younger generation who are faced with a high cost of living and exorbitant real estate prices. Those below the age of 36 and earn less than RM3,000 a month […]

Properties…Out Of Reach.

May 20, 2011

0

We have a problem. Our generation has a problem. And by our generation, I mean those who are 28 years old and below. How are we going to afford our own houses? We are not talking about inheritance. Let’s just look solely at our purchasing power for properties.This is the conventional property buying mechanism. You […]