Groupon’s Strikeouts Reveal an Unspoken Truth: Jonathan Weil – Bloomberg

Bloomberg rightfully blasts Groupon’s “bizarre profitability metric” and discusses the SEC investigation.

“Nobody should consider this number to be of any use, because even GRPN couldnt come up with an explanation for why it has merit”, Bloomberg.

Great to hear the SEC is looking into these bullshit metrics.

Without the generally accepted accounting principles being enforced, it’s too easy to make shit into gold and call it shiny.

Love the teeth of that Bloomberg piece to: “Groupon is making a mockery of the SEC’s rules”. Damn straight.  

groupon presents untrue figures?!? funny! not surprised.

At least I earned quite a little money on them. Their free food and beverages were nice there.