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He admitted that the revision of the accounts was "the latest in a string of us making an example of how bad we are at being a public company. Groupon, like many new technology companies, is a Marmite proposition. They point to the accounting problems, the falling share price, the 31-year-old Mr Mason himself (not experienced enough) and a business model that many say is built on shaky foundations.The company needs to spend so much money on marketing to acquire new customers, the critics argue, that profits will be hard to come by. I meet Andrew Mason in a conference room called Funbelievable at Groupon's headquarters – 600 West Chicago Avenue, Chicago.There is no limit to the number of matches you can get!
Business owners have complained that dealing with this baby-faced phenomenon has almost led to their company's collapse.
One owner of a British cupcake business was obliged to stay up all night baking just to keep up with customer demand created by a "daily deal". The Office of Fair Tradingn (OFT) and the Advertising Standards Authority (ASA) have censured this US business once described by Forbes as the "fastest growing of all time" for repeated breaches of consumer protection and advertising regulations.
Consumers buy discounted coupons for services such as restaurant meals, massages and hotel stays and "merchants", as Groupon calls the businesses it deals with, receive a boost in customer flow.
Groupon takes 50pc of the coupon cost and the merchant is paid the rest. Three and a half years ago, Groupon's total employee count numbered five and it operated in one territory, the US.
After the event, you can login to our site to pick your matches.