Tag: groupon
Groupon (GRPN) Slide Continues
The last time we checked in on the global leader in “daily deals” it wasn’t a pretty sight. The social media darling had been caught red-handed by its own auditors engaging in overly aggressive accounting. See the full story in my April 2nd article, Groupon Caught Cheating! According to Ernst & Young, Groupon failed to […]
Internet Stocks: Groupon Caught Cheating!
Investors who got an early start on their weekend plans missed some big news on Friday afternoon. Internet sensation Groupon (GRPN) announced after the close they’re restating financial results for the fourth quarter and full year 2011. We’ll get to the dirty details in just a moment. But first a quick recap of the company. […]
