NEW YORK ( TheStreet) -- No sooner had Groupon (GRPN - Get Report) gone public, the company had to restate their earnings. A warning sign was slapped on their finances. This uncommon and alarming turn of events caused a batch of Wall Street analysts to downgrade the company severely while, curiously, several analysts remained bullish.
With Groupon Restatement, Wall St. Ethics Discounted
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