HardOCP News
[H] News
- Joined
- Dec 31, 1969
- Messages
- 0
It is hard to take "key to success" advice from a company that has never posted a profit and has had to restate earnings on more than one occasion.
Groupon's stock is trading at about half of its IPO price, closing Monday at $10.46. It priced at $20 when Groupon went public in early November. The Chicago-based company has gone through some rough patches. In March, it restated its quarterly financial results, explaining that it lost more than it initially reported because it had to pay out more refunds than expected.