via allthingsd.com
Andrew Mason says Groupon is “better positioned than any other company in the world to plug local commerce into the Web,” but you wouldn’t know it from the daily deals site’s latest earnings: A fourth-quarter GAAP loss of 12 cents per share — 10 cents more than Wall Street was looking for.
As Groupon’s shares tanked in after-hours trading, Mason fielded questions from analysts on the company’s earnings call, but didn’t do much to explain how the company is going to scale its core online-coupon business. Instead, he did all that he could to paint a happy face on today’s sad results, tossing out sound bites that glossed over the issues troubling the company...
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