While deciphering the adjustments, compulsory one-off charges, promises, ranges, and hopes, dreams, and unicorn tears is hard, the market saw headline beats in EPS and Revenues and surged GRPN above $12 enabling CNBC to proclaim it a winner before moving on… then someone (or maybe a machine) read the statement… “Groupon expects Adjusted EBITDA for the full year to be slightly above 2013 levels.” That’s just not gonna cut it when you can spend $19 billion on the hope of exponential growth… and sure enough, GRPN shares collapsed – down over 23% from the after-hours highs.
Seems like it’s time to buy SnapChat for $30 billion!!
via Zero Hedge http://ift.tt/1cv9Z7A Tyler Durden