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  1. #1
    Join Date
    Mar 2018

    Groupon.com IPO was a scam

    I have been doing alot of reading about Groupon since I have used them alot. But to investors it as a scam.

    "I think 'highly disappointed' is the correct phrase," said David Menlow, president of IPOfinancial. "With such a limited number of shares offered in what could have been unlimited demand, I thought thought the markets should have responded better. Now that it didn't happen, it's causing people to take a second look at the company's fundamentals."

    Those fundamentals aren't pretty: Since the moment Groupon filed its paperwork, it's been hit with criticism for unorthodox accounting measures, which led to several downward revisions of its financials.
    Groupon's initial filing in June drew heavy scrutiny for the company's reliance on a nonstandard metric called "adjusted consolidated segment operating income." The unwieldy "ACSOI" stripped out Groupon's steep costs for marketing and acquiring new subscribers.

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    Sounds like crafty shady spending that technically steals from investors.
    Last edited by IPO SCAMS; 04-18-2018 at 01:01 PM.

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