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Groupon to reveal results

The online daily deals firm Groupon will reveal how much money it made in the first quarter.

The value of its shares has roughly halved since its high profile market listing in November and the company recently had to revise its fourth quarter results from last year, admitting to "material weaknesses" in the accounts.

This triggered another tumble in the share price.

It is a cautionary tale, amid the euphoria about Facebook's stock market launch later this week, that shares in hotly tipped internet businesses can go down as well as up.

Mark Gregory reports.

  • 14 May 2012
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