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

Monday May 07, 2012

Groupon CEO: Moving Fast Is Key To Success

It is hard to take "key to success" advice from a company that has never posted a profit and has had to restate earnings on more than one occasion. roll eyes (sarcastic)

Groupon's stock is trading at about half of its IPO price, closing Monday at $10.46. It priced at $20 when Groupon went public in early November. The Chicago-based company has gone through some rough patches. In March, it restated its quarterly financial results, explaining that it lost more than it initially reported because it had to pay out more refunds than expected.