Today's Hard|Forum Post
Today's Hard|Forum Post

Thursday August 11, 2011

Groupon's Net Loss Rises to Over $100 Million

Groupon is taking "losses" to a whole new level. You know, to be honest, I just wish I had the ability to post $100 million losses, don't you?

With its steady stream of daily deals, Groupon has seen an increase in both subscribers and sales, but the company continues to rack up a string of net losses, reporting a second-quarter deficit of more than $100 million, according to a filing yesterday with the Securities and Exchange Commisson.