Tag archive: securities and exchange commission

Things may be looking up for daily deals giant Groupon, after all. According to Alexia Tsotsis at TechCrunch, the daily deals company gained 2 percent market share during the month of August, and saw its revenue surge 13 percent, increasing its revenue from $106 million in July to $120.7 million in August. The company's financial data comes via daily deals aggregator, Yipit, which analysed 30,000 daily deal offers, from a variety of… Read More

  President Barack Obama last night delivered a speech to Congress during which he outlined his American Jobs Act, a $447 billion plan to jump start the sluggish economy and get people back to work. With legislation this large in scope, there are more ins and outs than we care to think about, most of which we will leave to the political press to parse through. There is, however, one particularly interesting bit of the bill that should have the… Read More

According to CouponHQ, Both Groupon and LivingSocial lost a bit of revenue over the month of August. Laying blame at Hurricane Irene for the decrease in purchases and number of deals, Groupon fell by 4.8 percent and LivingSocial by 1.8 percent. However, revenue also declined for the companies in July. While Groupon's average cost of a deal has risen over August, the number of Groupon vouchers sold is down by 14 percent. The average cost… Read More

In case you hadn't heard, daily deals giant Groupon recently filed its S-1 with the Securities and Exchange Commission, a necessary step before an initial public offering. The company wants to raise $750 million in its IPO. Unfortunately, many of the company's financial details revealed in the S-1 paint a less than enticing picture for possible investors. For starters, Groupon is “operating like a Ponzi scheme that needs… Read More

Goldman Sachs clients who lost the opportunity to invest in Facebook are not going to go quietly. Earlier this week, the investment firm announced it would rescind its offering of Facebook shares to US clients because of “intense media attention.” The attention came in the form of the IPO technicalities. Goldman Sachs allegedly planned to worm its way through an SEC loophole in order to keep Facebook from being forced to go public, but after… Read More

The Securities and Exchange Commission gave the final go-ahead for the IPO Wednesday afternoon, and the stock was expected to begin trading today. As of this writing, the stock does not appear to be trading yet. On Wednesday, Google slashed its planned IPO by nearly half, cutting the expected price to $85 to $95 a share from its original range of $108 to $135 a share. It later confirmed its initial going-public price… Read More

A regulatory filing by publisher Atari has revealed that the company has ended its relationship with Munch's Oddysee developer Oddworld Inhabitants, handing its 50 per cent share in the company back in return for a chunk of publishing royalties. In fact, this transaction – which brings to an end a partnership between Atari and Oddworld Inhabitants which began when Infogrames, as then was, took a 50 per cent stake in the… Read More

Such a scenario is bolstered by reports that Redstone, in a filing with the Securities and Exchange Commission today, said he has hired a financial advisor to evaluate options should he increase his interest in the publisher to 80 percent of its common stock from its current 72.4 percent level.” Also, Interplay reopens, Titus declares bankruptcy on GameSpot has more on the ups and downs for Interplay and parent Titus, a pair of… Read More

Although the Securities and Exchange Commission (SEC) never officially makes public when it investigates an organization, an SEC staff member told NewsForge that complaints and tips about suspected under-the-table funding, stock-kiting, illegal insider trading, and money-laundering involving Microsoft or Microsoft-connected individuals to the financially struggling SCO Group have been coming into the agency with regularity since last… Read More