Maybe this coupon thing isn’t such a great investment after all!
We thought that Groupon had a decent business model that was better for them than it was for restaurants it terrorized. But now the SEC has done a little investigating as the company prepares for its IPO, and they have some questions about bullshit-seeming accounting lingo that manages to mask the fact they spend $1.43 for every dollar they make. [WSJ via Gawker]
