Sunday, 25 September 2011
Groupon says sales half earlier figure, loses COO (AP)
SAN FRANCISCO – Groupon Inc. chopped its stated revenue by more than half in an updated SEC filing Friday as it corrected the way it accounts for money it receives selling coupons. The online deal site also said that its chief operating officer, Margo Georgiadis, has gone back to Google, where she worked before joining Groupon in May.Groupon, which offers consumers a variety of deals each day targeted for their preferences and city, has been preparing for its initial public offering. It first
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