BetaBeat :: Henry Blodget is a tech blogger at Business Insider. He pointed out what he saw as a suspicious series of events. Groupon, which has filed for an IPO, has been taking a lot of heat from both the press and the SEC over its unique accounting methods. Because of the SEC’s “quiet period”, which prohibits companies who have filed for IPO from promoting themselves, Groupon cannot defend itself publicly.
[Henry Blodget, Business Insider:] The clever method Groupon is using to try to get around the SEC’s quiet period rule is writing a detailed public communication in the form of a CEO “letter to employees” that Groupon has then distributed publicly with the help of a trusted media outlet.
The media outlet in question is All Things D and the reporter is Kara Swisher.
[Kara Swisher, AllThingsD:] Henry never called me to ask how I got the email, as is his usual practice. I would not have commented I guess, but a call would have been nice before writing that out of thin air. So not sure how to respond, except that he always seems to publish nearly each and every memo I manage to get, in any case. ...
Continue to read Ben Popper, www.betabeat.com
Original piece written by Henry Blodget www.buinessinsider.com