Groupon Auditors Say Company Has 'Material Weakness'
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Daily deals site Groupon (GRPN) late Friday said auditors and executives have found "material weakness" in its reporting of financial results and revised its Q4 results, lowering sales another $14.3 million and adding another 4 cents to its per-share loss. Company shares, up 3.8% to 18.38 in the regular session, were down more than 6% after hours, after it made the disclosure. In February, Groupon had reported a Q4 loss of 2 cents a share on
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