Data provider Yipit downwardly revises its original estimate of Groupon's (GRPN -6.1%) October...

|By:, SA News Editor

Data provider Yipit downwardly revises its original estimate of Groupon's (GRPN -6.1%) October gross billings because it accidentally double-counted some of the online daily deal company's more complex deals involving multiple price points. Yipit now says gross billings rose just 1.5% to $147M, vs. previous 22% to $176M.