groupon (Photo credit: Sean MacEntee) |
Groupon shares were off nearly 9% immediately following the announcement. The stock actually ended the regular trading day higher, but shares are still struggling in a difficult market for newly public Internet companies. Groupon shares are down almost 75% from their November IPO, and off nearly 65% in 2012 alone. Executives will face analyst questions later on Monday. At least one of those questions is likely to be about how the company accounts for Groupon Goods, its relatively new product sales business. Groupon records Goods revenue on a gross basis. For its other businesses, like coupons, Groupon accounts for them on a net basis — that is, it strips out the money that Groupon has to hand over to the merchant offering the deal.... Continue to read.
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