Groupon’s headaches are growing more serious. Just days after an accounting snafu forced the discount website to reveal a greater-than-reported fourth-quarter loss, the company was slapped with a shareholder lawsuit accusing its top executives of a “fraudulent scheme” that “deceived the investing public” about the company’s prospects and business. As if that wasn’t enough, Groupon’s [.
Groupon’s stock has been falling since it revealed on Friday that it was revising its first quarter earnings to reflect a larger than expected loss. With its spotty accounting history, Groupon is now a juicy target for shareholder l... Read Post
Online discount service Groupon continues to grow at a rapid clip, but the company is still losing money, posting a $42.7 million loss for the fourth quarter of 2011. Groupon shares fell over 15% in after-hours trading Wednesday to ... Read Post