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Groupon, Inc. (GRPN) Message Board

  • christianegeskov Feb 5, 2013 3:44 AM Flag

    Multiple Class action lawsuits

    Do a google search - accounting fraud......!

    As a result of this news, Groupon stock dropped $1.16 per share to close at $2.76 per share on November 9, 2012, a one-day decline of nearly 30%.

    According to the complaint, the true facts, which were known by the defendants but concealed from the investing public, were as follows: (a) much of Groupon’s revenue growth was being derived from its non-core, lower-margin Groupon Goods business; (b) Groupon’s business was not growing to the extent represented by defendants; and (c) Groupon’s revenue mix was shifting in a manner which would lead to lower margins.

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