Groupon Goods revenue lower than reported to SEC

Groupon “will get around anything the SEC has to say”

Groupon, the troubled daily deals company, has found a new way to mislead its investors. By my estimates, Groupon inflated its first quarter North American revenue by 5% to 8%. (Disclosure: I have various puts and wagers against Groupon.)

Groupon reaches to the skies to deliver even less-qualified customers

With its stock continually reaching new lows, Groupon is going to greater heights to find customers. The daily-deals site is now advertising deals to customers via Gogo’s in-flight wireless service. (Disclosure: I have puts and several wagers relating to Groupon.)

HotelTonight

Why HotelTonight is a deal company I can get behind

Discount hotel app HotelTonight announced $23 million in funding yesterday. It’s the kind of deal company I can get behind. (Disclosure: HotelTonight provided me a $100 credit to try the service.)

Groupon will tuck you in

Groupon tries out creepy new deal: tuck ins

Groupon today launched a unique deal: You can have a Groupon employee come and tuck you into bed. As far as strange deals go, this one even beats out the deal offered by Groupon Philippines for 76% off circumcisions. (Disclosure: I have options against Groupon.)

Groupon study

Study: Groupon’s merchant quality is on the downslide

Have you had the feeling the quality of Groupon deals is going down? If so, you’re right. A report released this morning by Giorgos Zervas, a postdoctoral fellow of computer science at Yale University, shows that the average rating of a Groupon merchant before a deal runs is declining as Groupon matures. Zervas and other researchers had shown earlier that a business’s individual Yelp ratings dropped after running a Groupon. Yelp ratings by Groupon customers were, on average, 10% lower than those of their peers. (Disclosure: I met Zervas after the initial study and offered my theory that the average Yelp rating of merchants featured would be declining.)

Groupon Now

Why Groupon Now won’t work

In Andrew Mason’s recent letter to shareholders and in a press release touting 1.5 million Groupon Now deals sold, Groupon has been highlighting the product as an example of innovation and a potential positive for the beleaguered company.

Why Andrew Mason is still wrong about Groupon’s prospects

After an accounting restatement, a shuffling of its board of directors and Groupon’s stock falling to below 50 percent of its initial public offering price (and 66 percent off the high it reached on its first day of trading), Groupon CEO Andrew Mason wrote a letter to shareholders yesterday to try to swing the momentum back in the company’s favor.

Groupon changes payment terms

Groupon tightens its payment terms with merchants

Groupon is changing its payment terms with merchants, according to several sources familiar with Groupon’s business and contracts. The company has traditionally used two different payment models. In the United States and Canada, merchants have been paid in three installments.

Square

12 companies getting local right for small businesses

I’ve spent much of the last year talking about how the sites small businesses rely on to advertise and promote themselves — think Yelp and Groupon — are failing them. In fact, helping small businesses at the local level is extremely challenging for technology companies, for the following reasons:

Clone king Marc Samwer out as Groupon’s international head following record high ad violations

Groupon’s business stateside has been embroiled in an accounting scandal that cut the stock price in half. But its international operations are responsible for two-thirds of the company’s revenue. Yesterday the company announced that Marc Samwer, who along with his brothers notoriously creates clones of successful American startups, was stepping down as head of their international operations, to be replaced by the Austrian Veit Dengler.

window shopping

6 tips for buying a daily deal

With all of the doom and gloom surrounding Groupon, which reached yet another all-time low in trading today, I thought it would be useful to write up my best practices for buying Groupons and other daily deals.

newspapers

What does all the bad press mean for Groupon?

Groupon faced a deluge of bad press and unfavorable comparisons this week following its accounting restatement on March 30. This morning, I searched for Groupon and got this on Google News:

ss-finger-pointing

Who is to blame for the Groupon fiasco? Everyone

We’ve heard quite a few opinions about who’s to blame for Groupon’s IPO fiasco ever since the company announced a restatement of its earnings last Friday and indicated that it had material weakness in its internal controls. Andrew Ross Sorkin of The New York Times blames greedy tech companies. Sarah Lacy of Pando Daily blames greedy Wall Street bankers. They’re both right — and they’re both wrong. The blame for this fiasco can be spread far and wide.