Daily deal site Groupon didn’t have such a fantastic second quarter in terms of turning a profit. The company reported a net loss of $102.7 million even though revenue surged 900 percent to $878 million, according to WBJ Morning Call.
That’s probably not good for the much awaited IPO.
Read more: http://www.bizjournals.com/washington/morning_call/2011/08/groupon-loss-casts-doubt-on-ipo.html
