Groupon Conference Call Updates: High Cash Balance

Below are some updates from Groupon's

conference call. Groupon has $1.2 billion in cash, 0 long-term debt. Groupon expects to have 35% to 44% year-over-year growth in the third quarter. Groupon is on a run rate to do over $5 billion in gross billings or $2 billion in revenue. No material acquisition costs in the third quarter. No plans for a share buyback.