Groupon Discloses ‘Material Weakness,’ Lower Quarterly Revenue(bloomberg.com)

4 pointsby marklabedz14 anni fa1 comments

Groupon Discloses ‘Material Weakness,’ Lower Quarterly Revenue

http://www.bloomberg.com/news/2012-03-30/groupon-discloses-material-weakness-lower-quarterly-revenue.html

1 comments

My accounting buddy says 'Material Weakness' is code for fraud. If so, it'd explain why Andrew Mason and Eric Lefkofsky cashed out before the IPO.

Thoughts?