Sam Hamadeh calls Groupon's revenue restatement an admission the company is technically...

|By:, SA News Editor

Sam Hamadeh calls Groupon's revenue restatement an admission the company is technically insolvent. The company could even experience a "run" as the business model is predicated on consumers pre-paying and merchants delaying receipt of their cut. If merchants stop honoring Groupons out of fear they won't get paid, it's a "death spiral."