Steve Cheney writes up a nice post explaining the business of Groupon, but if we are to believe the title he used: “Why Groupon is Worth $25 Billion Dollars”. One would be inclined to think that he would answer that question — he doesn’t.

Yes Groupon has a neat business that thus far has been hard for people to pull off, but again: massive amounts of users doesn’t mean future profitability, plain and simple.