Groupon: The Good, Bad and Ugly

By Chris Stuart 06/17/11 - 06:00 AM EDT
BOSTON (TheStreet Ratings) -- Groupon has been taken behind the proverbial woodshed to be roughed up.

And deservedly so. The deal Web site's S-1 form released last week exposed many weaknesses, including a loss of over $400 million last year. After reading the registration statement, it's obvious the company is growing like a weed, yet has done so at a cost -- namely, huge marketing expenditures to acquire customers.

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