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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]
| Basic information | |
|---|---|
| Founded | 2008 |
| Legal structure | Private |
| Industry | eCommerce |
| Official website | https://groupon.com/ |
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
- ↑ Ebueni Francis,"Groupon closes shop in South Africa as part of strategic re-alignment – Innovation Village", innovation-village.com, 4 November 2016, Retieved 2018-02-01
- ↑ https://www.forbes.com/sites/walterpavlo/2012/04/03/groupon-accounting-scandal-and-were-surprised/