Groupon Inc., the largest daily- deal site, announced the departure of its second chief operating officer in six months and restated revenue figures, cutting sales to a fraction of their previous levels.
About five miles south of Groupon Inc.’s headquarters, at U.S. Cellular Field, there’s a veteran baseball player for the Chicago White Sox named Adam Dunn who is having a remarkable season. All he needs is a little help putting his numbers in the best possible light.
Groupon Inc., the largest online- coupon site, may have to settle for a smaller initial public offering as management gaffes, restated results and regulatory scrutiny leave investors leery of owning the stock.
Groupon Inc.’s operating-income accounting is being studied by the U.S. Securities and Exchange Commission, part of a routine review of the coupon site’s initial public offering, a person familiar with the matter said.