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Groupon

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Groupon
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]

Accounting scandal

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.


References

  1. "Groupon closes shop in South Africa as part of strategic re-alignment" - innovation-village.com - 2016-11-04 - accessed 2025-01-30
  2. "Groupon Accounting Scandal, and We're Surprised?" - forbes.com - 2014-04-03 - accessed 2025-01-30