Groupon: Difference between revisions
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countries.<ref>[https://innovation-village.com/groupon-closes-shop-south-africa-part-strategic-re-alignment/ "Groupon closes shop in South Africa as part of strategic re-alignment"] - innovation-village.com - 2016-11-04 - accessed 2025-01-30</ref> | countries.<ref>[https://innovation-village.com/groupon-closes-shop-south-africa-part-strategic-re-alignment/ "Groupon closes shop in South Africa as part of strategic re-alignment"] - innovation-village.com - 2016-11-04 - accessed 2025-01-30</ref> | ||
==Accounting scandal== | == Consumer-impact summary == | ||
{{Placeholder box|Overview of concerns that arise from the company's conduct regarding (if applicable): | |||
* User freedom | |||
* User privacy | |||
* Business model | |||
* Market control}} | |||
== Incidents == | |||
This is a list of all consumer-protection incidents this company is involved in. Any incidents not mentioned here can be found in the [[:Category:Groupon|Groupon category]]. | |||
=== Accounting scandal (''2011'') === | |||
In 2011, Groupon faced coverage for giving $810 million of the acquired $946 million to early investors of the company, including the founder Andrew Mason with $28 million and co-founder Eric Lefkosky with $381 million.<ref>[https://www.forbes.com/sites/walterpavlo/2012/04/03/groupon-accounting-scandal-and-were-surprised/ "Groupon Accounting Scandal, and We're Surprised?"] - forbes.com - 2014-04-03 - accessed 2025-01-30</ref> This left $136 million for company expenses. | In 2011, Groupon faced coverage for giving $810 million of the acquired $946 million to early investors of the company, including the founder Andrew Mason with $28 million and co-founder Eric Lefkosky with $381 million.<ref>[https://www.forbes.com/sites/walterpavlo/2012/04/03/groupon-accounting-scandal-and-were-surprised/ "Groupon Accounting Scandal, and We're Surprised?"] - forbes.com - 2014-04-03 - accessed 2025-01-30</ref> This left $136 million for company expenses. | ||
== See also == | |||
{{Placeholder box|Link to relevant theme articles or companies with similar incidents.}} | |||
==References== | ==References== | ||
<references /> | <references /> | ||
[[Category:Groupon]] | [[Category:Groupon]] | ||
Revision as of 09:01, 17 July 2025
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| Basic information | |
|---|---|
| Founded | 2008 |
| Legal structure | Private |
| Industry | eCommerce |
| Official website | https://groupon.com/ |
Groupon, Inc. is an American global e-commerce marketplace connecting subscribers with local merchants by offering activities, travel, goods and services in 13
countries.[1]
Consumer-impact summary
Incidents
This is a list of all consumer-protection incidents this company is involved in. Any incidents not mentioned here can be found in the Groupon category.
Accounting scandal (2011)
In 2011, Groupon faced coverage for giving $810 million of the acquired $946 million to early investors of the company, including the founder Andrew Mason with $28 million and co-founder Eric Lefkosky with $381 million.[2] This left $136 million for company expenses.
See also
References
- ↑ "Groupon closes shop in South Africa as part of strategic re-alignment" - innovation-village.com - 2016-11-04 - accessed 2025-01-30
- ↑ "Groupon Accounting Scandal, and We're Surprised?" - forbes.com - 2014-04-03 - accessed 2025-01-30