Groupon Update: First, Angry Merchants. Now, An SEC Inquiry

Earlier this afternoon the Wall Street Journal reported that Groupon, the fast-growing daily deals company whose business model WW picked apart in a cover story last summer, is under investigation by federal financial regulators. Here's the news:

Rocky Agrawal, a tech analyst and former Portlander who was one of the first online writers to criticize Groupon, and who was quoted in the WW story, also recently published an explanatory article about the reasons Groupon recently restated its fourth-quarter earnings. 

The article's title: "Why Groupon is poised for collapse."

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