Is Groupon going to burst the bubble?

Groupon has filed its S-1 and hopes to raise $750M in its initial public offering. Given they’re currently losing a staggering $117M per quarter, despite revenues of $644M, they’ll be burning through that cash almost as soon as it hits their account. At the moment, it’s costing them $1.43 to make $1, and it doesn’t look like it’s getting any cheaper. They’re already projected to make close to three billion dollars in revenues this year. If you can’t figure out how to make money on three billion in revenue, when exactly will the profit magic be found? Ten billion? Fifty billion?

— http://shortlogic.tumblr.com/post/6142108636/groupon-ipo-pass-on-this-deal

So a company that owes $230 million more than it has, and appears to be burning through $100 million or more a quarter, is using money raised from later investors to pay back early investors? Sounds vaguely familiar.

— http://www.minyanville.com/businessmarkets/articles/groupon-groupon-ipo-tech-stocks-linked/6/3/2011/id/34936

Notes from my iPad order in Germany

Just pre-ordered a iPad 3G in Germany.

iPhone location data and Google Latitude

When watching the WWDC 2009 Keynote, I wondered how they realized the "Find My iPhone"-Service. In a comment on vowe.net I've found out, that ...
Find My iPhone seems to use the network connection opens for Notification to request the current location of the phone. If you disable notification on your phone, Find my iPhone doesn't work.
Maybe Apple is going to open up that service to 3rd party service providers - like Google Latitude? Having the Browser open for using Google Latitude doesn't seem to me as a viable solution anyway.