Groupon’s CFO Should Quit
Last Friday, Groupon announced that some of their numbers weren't exactly up to snuff. This didn't come as much of a surprise to the likes of Grumpy Old Accountants and others (read: everyone) who weren't exactly sold on metrics such as Adjusted Consolidated Segment Operating Income ("Adjusted COSI"). There have been questions about Groupon's financials […]
Confirmed: Overstock.com Is Doomed
Overstock.com has had its detractors over the years. Everyone from Barry Ritholtz to Felix Salmon to Joe Weisenthal to, of course, Sam Antar have been calling shenanigans on the company on everything from financial reporting to social media stalking. The company has made some dumb decisions and they seem to be willing to blame anyone and […]
Groupon CFO’s Defense of Sketchy Accounting Does Not Impress
Our favorite accounting fusspots, Tony Catanach and Ed Ketz have responded to the response of Groupon's CFO Jason Child who refuted the Grumpies' claims that the company's 4th quarter numbers weren't worth the paper they were printed on. Staying true to form, Tony and Ed pick apart Child's arguments against their arguments (without actually stating […]