Groupon Inc (NASDAQ:GRPN) has not been performing well since its IPO last year. The company has seen its revenue fall and its business model questioned by just about everyone. Reuters’ Robert Cyran points out an often neglected attribute of the company that’s causing problems in a column published today. When Groupon Inc (NASDAQ:GRPN) went public, its founders kept a class of shares that gave them a controlling interest. Three of the executives in the company control about 35% of the firm’s decision making power, while holding only 1% of its economic value. It’s a pattern not uncommon in technology companies. According…
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