Groupon Inc. (GRPN)

[johnac97]

What WSJ got wrong about Groupon <article>

http://finance.fortune.cnn.com/2012/08/20/things-wsj-didnt-tell-you-about-groupon/

More important, however, is the broader conclusion about lost faith in the new Internet crop. Pretty tough leap, considering that Andreessen Horowitz is among those early Facebook (FB) investors that didn't sell shares when the lockup expired last week. Is Facebook not one of the "companies that had been expected to drive a new Internet boom?" Or is selling Groupon somehow more important than holding Facebook? Or did WSJ just not bother to check?

Also not mentioned is that New Enterprise Associates, Groupon's earliest and largest outside investor, has held onto all of its shares since Groupon went public. You'd think that would be some relevant balance for a story titled "Groupon investors give up." Particularly given that Andreessen was referred to as "among the investors who helped fuel Groupon's rapid ascent," despite investing a full three years after NEA first cut a check.

And then there is what WSJ does mention: How certain pre-IPO investors, including T. Rowe Price and Morgan Stanley (MS), not only haven't sold Groupon stock, but actually have increased their holdings. Did the headline writer not read down that far?