Andrew Mason's Next Big Ambition: Growth Without Profits? (Think Amazon)
Groupon (GRPN) named a new chief accounting officer, six long months after the company admitted a “material weakness” in the way it reports financial results. The new guy was formerly a partner at Big Four firm KPMG.
One might think that addressing a fundamental concern for investors would be a higher priority, but maybe Groupon has its hands full what with high-level defections at home and in Europe.
But thank god he’s here because Chief Andrew Mason needs some help with numbers. Mason sat down for an interview with the Chicago Tribune last week and was .if he still feels like he’s the right person for the CEO job. His answer: “We are a $5 billion company that's growing 45 percent year-over-year after four years and we invented a new industry. I feel good about what we've achieved.”
Um, not exactly.
GRPN Market Cap data by YCharts
In the same story, Mason compared Groupon to Amazon (AMZN). “Groupon has the opportunity to be the world's first marketplace for local commerce in the same way that Amazon is the dominant marketplace for retail commerce,” he said. Let’s compare them.
GRPN Revenue Growth data by YCharts
AMZN Revenue Growth data by YCharts
Mason, if that's what you're aspiring to, you seem well on your way.
From the editors of YCharts.YCharts Pro Investor Service includes professional stock charts, stock ratings and portfolio strategies.
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