2Day In GroupOn

by Da'Von B.

The SEC is investigating GroupOn’s “unusual” accounting metrics. More can be read here, but I have to say when you’re being investigated by the SEC you’ve more than likely done some things that are simply put as shady. The SEC isn’t a group that will usually go around and start investigating companies for the fun of it, there are things that have to be completely questionable for them to jump and say; “wait a second, your numbers don’t look right” which in this case is apparently what’s going on. So it appears that the impending S-1 filing for the IPO may be put on hold until the accounting department at GroupOn can clean this up.