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Groupon Faces SEC Probe, Investor Lawsuit as Stock Hits New Low

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 [.
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Why Groupon’s Fuzzy Math Should Worry Investors

Business & Finance : The Curious Capitalist (3 years ago)

What is it with daily-deals website Groupon and accounting? The latest snafu came Friday when the company restated earnings to reflect a larger fourth-quarter loss after failing to set aside enough money to account for customer refu... Read Post

With stock price tumbling, shareholder lawyers see Groupon as juicy target

Business & Finance : Venture Beat (3 years ago)

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

Groupon Shares Tumble 15% After Fourth Quarter Loss

Business & Finance : The Curious Capitalist (3 years ago)

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

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