Reuters: Global Markets: Groupon touts mobile transactions in shareholder letter

Reuters: Global Markets Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Groupon touts mobile transactions in shareholder letter May 7th 2012, 17:10 Mon May 7, 2012 1:10pm EDT (Reuters) - Groupon Chief Executive Andrew Mason said on Monday that nearly 30 percent of its North American transactions were completed on mobile devices in April, sending the company's shares up as much as 8 percent. The high-flying controversial company that sells online daily deals to subscribers sold more than 170 million Groupons to more than 33 million active customers by the end of 2011, Mason said in a letter to shareholders. Mason also said Groupon was targeting a broad international roll-out of SmartDeals by the end of the year. Groupon has come under fire for its unorthodox financial reporting in the run up to last year's closely watched IPO. It revised its fourth-quarter results in March, admitting to "material weakness in its financial statements, and in April appointed two new board directors to stave off criticism of its accounting practices. Shares of the company were up as much as 8 percent at $10.72 on Monday morning on the Nasdaq.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions