Groupon slashes reported revenue by half, COO exits after 5 months

Started by CNET, Sep 25, 2011, 07:02 PM

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Sep 25, 2011, 07:02 PM
Chicago-based company is slashing its reported revenues by half--from $713.4 million in 2010 down to $312.9 million--in accordance with accounting revisions prompted by the SEC.

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