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> | ||
== Consumer-impact summary == | ==Consumer-impact summary== | ||
{{Placeholder box|Overview of concerns that arise from the company's conduct regarding (if applicable): | {{Placeholder box|Overview of concerns that arise from the company's conduct regarding (if applicable): | ||
* User freedom | * User freedom | ||
| Line 20: | Line 20: | ||
* Market control}} | * Market control}} | ||
== Incidents == | ==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]]. | 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'') === | ===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 == | ===Unclear consumer rights and procedures (2013)=== | ||
In 2013, the Consumer Authority of the Netherlands shared that Groupon signed an enforcement agreement to defining their role as a company more clearly in the Netherlands.<ref name=":0">{{Cite web |last=Consumentenautoriteit |date=2013-02-19 |title=Groupon gaat consumenten duidelijker informeren |trans-title=Groupon will inform consumers more clearly |url=https://www.acm.nl/nl/publicaties/publicatie/11168/Groupon-gaat-consumenten-duidelijker-informeren |website=ACM (Netherlands Authority for Consumers and Markets) |language=nl}}</ref> Customers filed complaints that they were not clearly informed on the responsibilities of Groupon to their customers, nor where customers could ask questions or file complaints.<ref name=":0" /> | |||
==See also== | |||
{{Placeholder box|Link to relevant theme articles or companies with similar incidents.}} | {{Placeholder box|Link to relevant theme articles or companies with similar incidents.}} | ||