Groupon Restates Revenue In Amended SEC Filing

Law360, New York (September 23, 2011, 9:44 PM EDT) -- Groupon Inc. dramatically reduced how much money it has reaped from its online coupon sales in an amended registration statement filed Friday with the U.S. Securities and Exchange Commission, which is examining Groupon's proposed $750 million initial public offering.

The company said it changed how it calculated its revenues, according to the statement. Groupon used to list revenues as the total amounts billed to its subscribers, but now, the company lists revenues as the amounts minus what it pays to businesses that participate in the coupon...
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