Bottoms Up, page-54

True for the Living Social business they bought... we all know flash sales are high volume/low margin

But their other business segments arent all flash sales... and they still got living social on the cheap

I think they really bought LS for the user base, more than the revenue

Look at MIG... tech stocks valuations are largely calculated on user numbers now

Once you have enough users looking at your site... you dont even need to sell a product

Just ask Mark Zuckerburg