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Not only that, this is a terrible mistake by the SEC. Groupon should count total receipts as revenue, that way shareholders can see the average merchant split
by jcampbell1 15y ago
Not only that, this is a terrible mistake by the SEC. Groupon should count total receipts as revenue, that way shareholders can see the average merchant split across periods. It is deceptive to report net-revenue as gross revenue. The old way is far more transparent.
Not the first stupid thing the SEC has ever done.