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accounting shenaigan

Groupon Accounting Shenaigan

By John ChanJune 10, 2020June 11, 2020Leave a Comment on Groupon Accounting Shenaigan

After climbing $11 on its first day of IPO to $31, public shareholders have lost over $9 billion on Groupon stock when former CEO Andrew Mason declared that he had discovered a “material weakness” in the company’s internal controls. Whether he knew this “material weakness” before the IPO is unknown. But, it is clear that …

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