3 ms·

since no one has any idea what their financials really look like I'm guessing the SEC has a good idea. http://www.sec.gov/Archives/edgar/data/1490281/000104746

• matwood 14y ago
  Actually they don't. That SEC document came out in 2011. Auditors are continuing to find issues: http://blogs.wsj.com/marketbeat/2012/04/02/groupon-ouch/ http://blogs.wsj.com/marketbeat/2012/04/02/groupon-ouch/ From the article: The surprise announcement no doubt raised new alarm bells for investors and analysts. The company has already changed how it counts revenue and has a history of using unconventional accounting metrics to value its business. But the latest accounting issues — which reflect how the company failed to set aside enough money for customer refunds — occur as the company is trying to gain trust and confidence from investors and analysts.