Groupon Expected To Book Narrower Loss This Year
Groupon GRPN -5.52% (GRPN) is anticipated to book a narrower loss than a year ago when it reports first quarter earnings on Wednesday, May 8, 2013 with analysts expecting a loss of one cent per share, up from a loss of 2 cents per share a year ago.
The consensus estimate has declined from one cent over the past three months. For the fiscal year, analysts are projecting earnings of 5 cents per share. Revenue is projected to eclipse the year-earlier total of $559.3 million…
Washington Legislature Approves Social Media Rules, Bill Proceeds To Gov. Jay Inslee
Washington has put forth an effort to prevent employers from snooping in their workers social media accounts.
Last Saturday, state senators unanimously voted to bring forth laws regarding the handling of social media in the workplace. The bill was a product of deliberations between lawmakers, business groups and civil liberties advocates.
According to the Seattle Times, under the measure, employers would be barred from requesting social media passwords, from forcing workers to log in while in the employer’s presence…
Illinois Regulates How Health Care Providers Can Participate In Social Couponing
The American Dental Association has issued the following news release:
Illinois is the latest state to issue regulations on how health care providers, including dentists, can participate in social couponing websites without violating unethical fee-splitting laws.
The Illinois Department of Financial and Professional Regulations on April 10 issued a statement that says as long as health care providers follow certain rules, advertising their services using vouchers does not constitute unethical fee-splitting. Under the traditional business models for entities like Groupon and Living Social, the social…
LivingSocial Enters Small Claims Court Case Against Former Employee, Siting Health Code Violations, ADA Compliant Violations, And More
LivingSocial has entered a lawsuit at the Superior Court of California in the County of San Francisco against Darlene Tenes regarding a money claim that the daily deal company owes the plaintiff $10,000. In addition, Tenes claims the basis of her case is a loss of income was lost due to unsafe working conditions, breaking health and food safety violations, and showing pornographic materials that were not consistent with her values.
The claim was filed February 21, 2013 and there was a small claims hearing…
Groupon’s Stock Stumbles
Shares of daily deals website Groupon Inc. tumbled in trading on Thursday. The stock fell to an intra-day low of $6.07 before finishing the day 4.23% lower at $6.12 on volume of 8.87 million. Despite the sharp decline, Groupon’s shares have gained nearly 26% so far in 2013, outperforming the broad market. The stock, however, is still trading more than 59% below its 52-week high. The stock is still trading above its 50-day and 200-day moving averages. The stock’s MACD, however, suggests…
Google Removed 60,000 Mobile Apps In February – Increases Grip On Fighting Spam
Google has decided to step up its game when it comes to spammy or otherwise non-compliant applications in their mobile application marketplace, GooglePlay. In recent weeks the search engine giant has deleted thousands of applications, including deleting a record high amount in February – with 60,000 apps removed – the largest round of deletions to date, according to TechCrunch. In addition, the clean-up is spreading rumors and speculations that the revamping of Google Play (version 4.0) is closer than most may think.
TechCrunch, learned of…
Microsoft Fined $732 Million Over Browser By E.U.
The European Commission fined Microsoft €561 million today for not meeting to settlement agreements that offered consumers a choice between Internet browsers. The penalty that was set today brings the overall fine total given to Microsoft by European antitrust regulators to over €2 billion in the past decade.
The newly added fine, which is equivalent to $732 million, marks the first time the E.U. has punished a company for failure to comply with the terms of an antitrust settlement, and may signal a new chain of…
CISPA Continues To Draw Opposition
Cyber threats are real and have affected major corporations. China-based hackers have even tapped into personal information from journalists at the New York Times, Washington Post and Wall Street Journal. Action needs to be taken to prevent future cyber attacks.
That’s what the Cyber Intelligence Sharing and Protection Act set out to achieve. In April, 2012 the bill was introduced and passed the House, but it didn’t pass the Senate because it didn’t have White House support.
In a Statement of Administration Policy from the Executive Office of…
How To Be Cautious When Purchasing A Daily Deal
Sometimes daily deal sites have offers that seem too good to be true, often what you see on a deal is what you get but sometimes there are stipulations in the fine print or situations when you go to redeem your deal, that cause the promotion to be “not so great” Here are some cautionary measures to taken when purchasing a daily deal.
Does 50% off REALLY mean 50% off?
While high percentage…
Court Stands Behind Sex Offenders Right To Use Social Media
According to a federal appeals court ruling this week an Indiana law intended at keeping most registered sex offenders from using social networking sites and chat programs is unconstitutional. According to ABC News, The U.S. Court of Appeals for the 7th Circuit said that the law was too broad and failed to specifically target “the evil of improper communications to minors.”
Although the law, called “35-42-4-12” bans sex offenders, of any nature, from “knowingly or intentionally” using social media networks that “the offender knows…
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