Groupon's 2012 Revenues
Groupon, which has seen significant development recently and is one of the most profitable companies on the internet, announced its financial statements for the last quarter of the year. The fact that the announced figures were below expectations negatively affected Groupon's value on the stock market. Despite an increase in revenue, the company experienced a 27% loss on the stock market.
The published financial statements show the revenue for the last quarter as $638 million. This figure corresponds to a 30% increase compared to the last quarter of last year. While the company announced a loss of $15 million for the previous year, its loss for the last quarter this year was $13 million. According to these financial statements, Groupon made a profit of $152 million for 2012.
Andrew Mason's Offer to Groupon
Although the figures seem to indicate improvement, internal layoffs and declining revenue expectations damage the brand's credibility, which in turn affects Groupon's value on the stock market. Considering these developments, it is wondered whether the company's rejection of Andrew Mason's $6 billion offer to Groupon still causes regret.
