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Groupon are trying to pretend they're profitable — that's a major component of the original article here. They even made up a new accounting metric to try to pe
by salvadors 15y ago
Groupon are trying to pretend they're profitable — that's a major component of the original article here. They even made up a new accounting metric to try to persuade people of this (if you only avoid the pesky sales+marketing spend).
- dannylipsitz 15y agoI think this "Adjusted CSOI" nonsense is tantamount to Groupon admitting that they're not profitable.