The latest about Groupon

 As Alice once said, "Curiouser and curiouser!"

Like the Republican presidential candidates who provided endless comedy material so too is Groupon a target-rich topic for financial head shaking.

The latest installment of Groupon's excellent adventure is CEO Andrew Mason's admonition to employees that the company needs to grow up ...... while he was drinking beer.

You can't make this up!
WSJ story

Mitt Romney: Etch a sketch or quantum theory

Pointing out the sorry state of the Republican presidential candidates has become too easy and quite frankly too disheartening. So I largely stopped. However, there was a very clever piece in the NY Time two weeks back by David Javerbaum who finds quantum theory in Mitt Romney's politics. Previously I thought of Romney as akin to tofu; while tofu takes on the flavor of whatever you cook it with, Romney holds the convictions of whomever he's talking to.

Javerbaum offers a much more sophisticated critique. In case you missed it:
A quantum theory of Mitt Romney
Enjoy!

More on Groupon

Following up on my last post about Groupon's restatement of its financials is the SEC following up on Groupon.
SEC probes Groupon
From the WSJ comes this story about the SEC considering whether to investigate Groupon. Could it be just the "growing pains" of a newly public company, a company with negligible governance, or something else?
Continues to be a very interesting story, for all the wrong reasons.