Groupon’s “non-standard” accounting method is keeping the SEC busy, and some say it’s due to tech bubble déjà vu. The Wall Street Journal explains why the mouthful “adjusted consolidated segment operating income” is causing the ruckus during these fear-ridden economic times. Even with the rumored possibility of a later IPO, Groupon – and its rival LivingSocial – are going full-steam ahead. Also, Groupon's teaming with Supervalu and Unilever to offer ice cream deals. Read on:
- Reports say the SEC is examining Groupon’s unconventional accounting methods (the complex-sounding CSOI) because of nervousness of another tech bubble. (Wall Street Journal).
- And the Wall Street Journal explains the apprehension. (Wall Street Journal).
- Some business owners are fed up with daily deals clogging their inboxes. (SF Gate).
- But it doesn’t seem to affect the top two daily deal companies, who seem to be faring just fine ahead of upcoming IPOs. (Wall Street Journal).
- Groupon is partnering with SuperValue, which runs Jewel-Osco stores, and Unilever to offer grocery deals – this summer, in ice cream form. (Crains).