Today in Social

The Wall Street Journal underscores social commerce giant Groupon’s woes in a story that points out that Andreessen Horowitz thought the company’s IPO was premature, and has sold off its holdings. Fidelity might be starting to cash out, too. But Kleiner Perkins,¬†Morgan Stanley and T. Rowe Price are still in or adding shares. Fortune takes the Journal to task for over-interpreting these “patterns,” or seeing them as a big negative on the whole sector. My own Weekly Update says¬†Groupon’s headed for trouble if it thinks it can be an e-commerce technology supplier for local businesses. It would be better off selling them simpler marketing services.