Quote:
Originally Posted by 4444
i'm not too familiar with the accounting problem, but isn't it just a net vs. gross issue? that is, they initially said for a $100 coupon that $50 went to the vendor, they showed $100 gross rev, $50 cost of sales, instead they should show revenue of $50... doesn't really change anything, i'd hope any investor would understand the business model sufficiently to read between teh numbers to see what's really going on - but as i say, i've only heard about this 2nd hand, not interested enough to actually look myself
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since i work in a unimpressive field of the restaurant industry i can give some insight on this groupon ipo
eh. i keep this short. groupon sucks and is the last resort of any business
buyer beware on this one
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