SEC Reportedly Probes Groupon

Wall Street Journal:

The Securities and Exchange Commission is examining Groupon Inc.'s revision of its first set of financial results as a public company, according to a person familiar with the situation.

Read the whole story: Wall Street Journal

Comments

[cardholder]

12:22 PM on 04/03/2012

Murdoch owns the WSJ and reportedly has a large stake in Groupon. I don't expect any report published in Murdoch's own rag to print anything to harm his bottom line. Everything he touches, whether it's his children, employees, papers/tabloids, politicians, police departments, broadcast media, just to name some obvious examples, ultimately carries a taint.

He seems to be playing a game of chess in which all the pieces protect the "King" or are expendable.

[dieter hellstrom]

11:58 AM on 04/03/2012

The SEC is also stepping up investigations of foreign corporates. First Siemens and now Samsung...

[SoxFan1]

10:12 AM on 04/03/2012

Groupon will continue to lose money forever with their current business model. They are on track to lose as much as last year as it cost them more and more to capture customers who only expect deals from their merchant base. There is no incentive for any customer or merchant to have a long term relationship with Groupon.

[fopplssiegeparty]

10:08 AM on 04/03/2012

Wow, IPO to SEC investigation in 6 months. Is that a record?