Zahid Lilani – Technology and Social Media

SEC Takes Notice of Groupon’s Shady Accounting

Posted on 29. Jul, 2011 by Zahid Lilani.

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In my previous post, I pointed out that Groupon’s accounting doesn’t make sense and it is a gimmick to fool the average investor. Soon behold, SEC is now looking into Groupon’s accounting methods that raised eyebrows among investors and SEC itself.
Here is the problem in plain English.
Groupon’s gross profit accounts for the amount paid to [...]

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