How Much Money is Groupon Losing? Too Much?
The popular daily deals site, known as Groupon, is losing an incredible amount of money as indicated by its financial statements submitted to the U.S. Securities and Exchange Commission.
The popular daily deals site, known as Groupon, is losing an incredible amount of money as indicated by its financial statements submitted to the U.S. Securities and Exchange Commission.
In the first three months of this year, the company had a net loss of $103 million. Plus, for the whole year of 2010 the loss was $414 million.
According to Bloomberg, Groupon previously had reported a gain of $60.6 million, using an accounting method criticized by regulators.
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