Finally - shady answers from Groupon on their shady accounting:
Go check the news - here is some of it - Yiekes!
"Groupon stopped short of giving the SEC any exact financial numbers about such offers, saying that “the company does not believe that separate discussion of financial metrics related to these channels is material to an understanding of the company’s business or financial results. Therefore, the company does not believe that separately disclosing quantitative information about revenues, margins, operating income [or] loss, and refund reserves for deals attributed to channels would be meaningful to investors.”
On other questions, Groupon said it would include more disclosure on certain matters in future reports, such as the impact of so-called “direct revenues,” representing sales made on goods that Groupon owns, rather than as an agent for other merchants.
“We remind you that our comments or changes to disclosure in response to our comments do not foreclose the Commission from taking any action with respect to the company or the filings,” read a letter from the SEC to Groupon dated Oct. 4."