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Groupon's Growing Crisis

Clarence E. Wrote: Apr 06, 2012 12:19 PM
It sounds kind of like a Pyramid Scheme to me.

Groupon ($GRPN) has been in the news again for accounting irregularity. It restated fourth quarter earnings. What was amazing is that it went public in the fourth quarter…..and it had a couple run ins on accounting before it went public.

GRPN data by YCharts

“Three strikes and you’re out.”, is the saying. The market is punishing the company.

Whether you agree with the business model of