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Groupon Auditors Say Company Has 'Material Weakness'


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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