3 ms·
There's a huge difference between this and Enron/Worldcom, which inspired Sarbanes Oxley. The latter two committed actual fraud. As in, this article would be
by jbooth 15y ago
There's a huge difference between this and Enron/Worldcom, which inspired Sarbanes Oxley.
The latter two committed actual fraud. As in, this article would be saying "Wow, Groupon is hugely profitable" rather than the press we're seeing now.
- scottkduncan 15y agoWhile this is admittedly quite different from Enron/Worldcom style fraud, Groupon Chairman Eric Lefkofsky did recently proclaim that Groupon will be "wildly profitable." That's quite a statement for a company's pre-IPO quiet period and one that people will certainly look back to should the worst-case (or even somewhat-bad-case) come to pass.