The company is a fraud. How they book revenues from acquisitions is questionable. Moreover, Groupon, a sister company, helps increase INWK's revenues when there is a shortfall through inter-company transactions. The industry is shrinking, and the company doesn't have competitive advantage. In 10-K they talk about technology and expertise but it is bluff. The current valuation is not justified. I am short from $15, and my target price is $6.