Groupon reported that it had a net loss in the fourth quarter Wednesday, a disappointing first result as a publicly traded company, reports Reuters. The company blamed the loss on higher overseas taxes. Analysts had actually expected a profit for the company, which is out "to prove to investors that it’s a real, money-making business and not just a fad," writes The Wall Street Journal. The results aren't a great sign for those in the "non-fad" camp.
Want to add to this story? Let us know in comments or send an email to the author at erandall at theatlantic dot com. You can share ideas for stories on the Open Wire.
User Comments
Please type your comment and click Post. If you’re not already logged in you will be prompted to log in or register