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2026-09-13 16:44:55 UTC

Dare Obasanjo on Nostr: AI frontier labs remind me of Groupon. Groupon was one of the fastest-growing ...

AI frontier labs remind me of Groupon.

Groupon was one of the fastest-growing companies ever and had a blockbuster IPO.

The problem was that much of the growth didn’t create the value businesses expected. Groupon could flood a restaurant or store with bargain hunters, but too few became full-price repeat customers.

Eventually businesses figured out the customer-acquisition ROI wasn’t nearly as good as the growth implied.