SEC Probe Likely Following Groupon Revenue Revisions (Infographic)
Many people expect that recent revisions in Groupon’s financial statements will lead to a formal investigation by the Securities and Exchange Commission. The company’s stock has been on a rocky decline since its IPO launch in November of last year, after revisions of its 2010 revenue turned out to be less than half of the originally reported $713 million.
The infographic below covers the company’s recent financial and marketing fiascos, including its controversial Super Bowl commercial and its long-running issues with failing to factor refunds into reported profits. If you weren’t already convinced that Groupon is looking at more tough times ahead, after scrolling through the infographic below you might change your mind.