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Groupon CFO Anticipates Important 2012

Groupon CFO Anticipates Important 2012

The chief financial officer of daily deals site Groupon said during a recent interview with Investor's Business Daily that 2012 is a critical year in the development of the company.

Groupon, whose 2011 was characterized by public scrutiny over its corporate

The chief financial officer of daily deals site Groupon said during a recent interview with Investor's Business Daily that 2012 is a critical year in the development of the company.

Groupon, whose 2011 was characterized by public scrutiny over its corporate accounting, its initial public offering and widespread growth, has reportedly struggled since a strong first day of its IPO, according to the news source.

CFO Jason Child noted the company is anticipating higher demand around the world in 2012.

"Groupon expects to see continued strong demand across the globe," Child said in the interview. "Next year should be a fascinating year as merchants in 47 countries continue to explore new ways to use the power of Groupon's global network and our innovative tools, creating one-of-a-kind shopping opportunities for consumers."

The Huffington Post reports despite this positive outlook from Child, a recent study suggested business owners who previously offered daily deals had no plans to do so again in the next six months.

The results of the study, which was conducted by Susquehanna Financial Group, reportedly caused Groupon's stock price to fall 9.1 percent in the two days of trading following the survey's release, according to the news source. 

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