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He seems like a smart man, but I also think that his cashing out of hundreds of millions of dollars worth of stock pre-IPO doesn't have a good explanation unless he has reservations about Groupon's long-term viability. Groupon's numbers are pretty horrible and the space is getting more and more competitive.

It is because I think he is smart that I think his cashing out to the extreme is a very bad sign. Otherwise, he should have kept the stock and been significantly richer upon the IPO of Groupon.

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