Apr 3, 2012

TAGS

U.S. Securities and Exchange Commission, Groupon, SEC, The Securities and Exchange Commission

Groupon Stock Price Starts Plummeting After SEC Probe

The U.S. Securities and Exchange Commission is investigating Groupon restating the fourth-quarter results according to a source with The Wall Street Journal. The SEC’s probe into Groupon is currently in a “preliminary stage.” This would be the third time that the SEC would investigates Groupon since their IPO on November 4th. The news about the investigation has caused Groupon’s stock price to drop about 17% to $15.27.
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Mar 31, 2012

Amit Chowdhry

TAGS

Groupon

Groupon Restates Quarterly Revenue Due To Higher Merchant Refunds

Groupon Inc. has reported a “material weakness” in their fourth quarter results, which is worse than previously stated because of a higher number of refunds to merchants. The revisions had reduced revenues in the period by $14.3 million to $492.2 million. Groupon reported $506.5 million last month. Groupon has been notorious for finding errors in their financial statements filing for their IPO in June. About two months after their prospectus, Groupon had abandoned a controversial accounting method for operating income after a review by the SEC.
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Feb 29, 2012

Amit Chowdhry

TAGS

Trinity Ventures, Uptake, Groupon, Shasta Ventures

Groupon Buys Travel Startup Company Uptake

Groupon has acquired the travel startup company Uptake. The acquisition was believed to be between $10 and $20 million. Uptake allows users to plan their vacations. Uptake has travel-related content and recommendations based on the social graph.
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Feb 18, 2012

Amit Chowdhry

TAGS

Naval Ravikant, Blake Scholl, Jason Crawford, Ron Conway, The Washington Post Company

Groupon Acquires Kima Labs and Hyperpublic

Groupon has acquired mobile payments company Kima Labs and geolocation technology company Hyperpublic. Kima Labs is known for building the mobile barcode reading app called Barcode Hero and mobile payment app TapBuy. Groupon acquired a New York City based startup company called Hyperpublic, which is a geolocation service with layers of information on it like deals and events.
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Feb 8, 2012

Amit Chowdhry

TAGS

Groupon

Groupon Revenue Surges This Quarter, But Reports Net Loss Of $37 Million

Today Groupon has released their Q4 2011 report and they revealed 194% increase in revenues from $172.2 million in 2010 to $506.5 million this year. However Groupon reported a net loss of $37 million. This is the company’s first quarterly results since they became a public company this past November.
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Dec 29, 2011

Amit Chowdhry

TAGS

Andrew Mason, Groupon

The S.E.C. Pressed Groupon About Leaked Memo Last Month

The U.S. Securities and Exchange Commission pressed Groupon CEO Andrew Mason last month amidst the company IPO about the Mason Memo that was leaked. The controversy around the memo is that there is supposed to be a “quiet period” in the press before a company has a public offering. In the memo, Mason laid out some of the financial metrics and trends to explain why Groupon is doing well despite all the bad press. In the memo, Mason said that he was “excited” about the company’s prospects and this could be considered as a way to pump the IPO.
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Dec 8, 2011

Amit Chowdhry

TAGS

Groupon, Groupon Scheduler, OpenCal

Groupon Launches Scheduling Service Called Groupon Scheduler

Groupon Inc (NASDAQ:GRPN) has announced that they have launched a new scheduling service called Groupon Scheduler. This way customers can book appointments for venues like spa treatments, massages, etc. on-the-fly.
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Nov 24, 2011

Amit Chowdhry

TAGS

Groupon, Groupon.com

Groupon Stock Price Drops Below $17

The stock price of Groupon Inc (NASDAQ:GRPN) has dropped consecutively for three days this past week. Groupon opened at $20 per share and it closed yesterday at $16.96. So why is Groupon’s stock dropping?
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