Groupon's stock exchange listing delays
The second quarter revenues of Groupon, which known as the pioneer of shopping vouchers increased to nearly tenfold, to 878 million USD, but the company still has a respectable loss: 102.7 million USD losses in the second quarter after last year's 35.9 million USD.
The result are due to the very intense global expansion costs: the Groupon increased its staff with two thousand employees in one year, who's job is to seek and to sign the service providers offering a discount coupon. In addition, marketing costs were also high: 452 million USD – reports Világgazdaság Online, after Wall Street Journal.
Related news
Related news
In the wake of “shrinking products” – Hungary leads the way in shrinkflation regulation
DLA Piper’s latest report, the International Shrinkflation Guide, provides a…
Read more >Thanks to the dedicated work of colleagues, Tesco has reduced its food waste by 73 percent
Tesco has recently published its ninth food waste report, reporting…
Read more >ALDI supports the Bátor Tábor with running and donations for the community
ALDI Hungary contributes to the well-being of Hungarian families with…
Read more >