Management can't make a profit in-spite of +3 billion revenue and that even in eComerce space. As I said a year before, just idiots in managements. Take my advise.
1. Lay off 50% sales folks
2. Don't take 40% cut from promotions. This will kill GRPN longer run because your customers won't be able to generate profit and they won't come back.
3. Give control to your customers for deal posting.
BTW, I am holding GRPM since it was 12$. Just sucks.