You have to laugh at the news released on Friday, after the close of the stock market, (Why always on Friday, after the close… Yeah, I know… Dumb fucking question) that Groupon has suffered yet another accounting fuck up, forcing it to restate its fourth-quarter and 2011 fiscal year financial results. Hello, is this shit ringing any bells? Groupon's revised results showed a $14.3 million decrease in fourth-quarter revenue and a 4-cent reduction in earnings per share. The company acknowledged "a material weakness in its internal controls" (Ya think?) and said it underestimated the amount of money it needed to set aside for customer refunds. Refunds, refunds… Like for people who think they have been scammed. Is this company fucked, or what. Anybody who bought stock in this festering pile of shit needs their head examined. First quarter earnings will be announced in May… I guarantee the numbers will suck… And, as you know, I am never fucking wrong!
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