Groupon: Difference between revisions

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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.

===Unclear consumer rights and procedures (2013)===

===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" />

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" /> The background information of the enforcement agreement also mentions that customers did not know who to contact if their discount codes were not properly redeemed, or where to send their products within the return period.<ref name=":0" />

In 2021, Groupon faced the threat of legal action by the UK's competition watchdog over multiple concerns (redeeming vouchers, quality, no return of payment and just offering "credits").<ref>{{Cite news |date=9 Aug 2021 |title=Groupon told to improve how it treats customers |url=https://www.bbc.com/news/business-58145635 |work=BBC}}</ref>

==See also==

@@ Line 26: / Line 26: @@
 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.
-===Unclear consumer rights and procedures (2013)===
+===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" />
+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" /> The background information of the enforcement agreement also mentions that customers did not know who to contact if their discount codes were not properly redeemed, or where to send their products within the return period.<ref name=":0" />
+In 2021, Groupon faced the threat of legal action by the UK's competition watchdog over multiple concerns (redeeming vouchers, quality, no return of payment and just offering "credits").<ref>{{Cite news |date=9 Aug 2021 |title=Groupon told to improve how it treats customers |url=https://www.bbc.com/news/business-58145635 |work=BBC}}</ref>
 ==See also==