With Groupon Inc.’s stock down by half from its IPO price and the company heading into its first earnings report since an accounting blowup, CEO Andrew Mason tried to stoke investor confidence with a letter to shareholders this morning, outlining opportunity ahead and the promise of new products for the daily-deals company.
“Though the six months since our IPO have been rocky to say the least, the fundamentals of our business have continued to improve,” he wrote. “Groupon is a marketing tool that connects consumers and merchants. Tomorrow, we aim to move upstream and serve as the entry point for local transactions.”
