Saturday, March 31, 2012

What do Groupon and Charlie Brown have in common?

The curious saga of Groupon takes another step. After exchanges closed Friday Groupon announced “material weakness” in its internal controls leading to greater quarterly losses.
Groupon's shares drop on earning restatement
By now Groupon investors must feel like Charlie Brown after Lucy pulls away the football again. The company seems to be a case study in both finance as well as investor psychology. (Prior posts address past Groupon drama.)

No comments:

Post a Comment