real-time news and commentary for investors
Friday, Nov 2
2012, 8:06 PM
Adding to pressure on Groupon (GRPN) today is the company's response to an earlier SEC inquiry...
Adding to pressure on Groupon (GRPN) today is the company's response to an earlier SEC inquiry about a variety of the company’s accounting practices. The company promised to shore up its disclosure procedures, but stopped short of agreeing to outline the performance of individual products from travel to concert deals. The agency has been after the company to disclose more details on revenue from its new business lines and provide reasons behind the daily-deal site's financial revision this spring.