| Wednesday May 25th 2016

Posts Tagged ‘error’

Groupon Restates Revenue & COO Exits

Groupon Restates Revenue & COO Exits

Cliff Notes: Revenue was actually $312 million, not $713 million. COO returns to Google after 5 months. IPO looking even worse than before. Daily deals site Groupon Inc. said it was restating its financial results "to correct for an error in its presentation of revenue," and said its chief operating officer was exiting after just five [...]