Watch The Groupon CFO Defend The Company On CNBC

Groupon CFO Jason Child was on CNBC facing one his harsher critics in Jim Cramer.

Some of the key points he made:

  • He says revenue per customer has been increasing ever since Groupon launched.
  • Groupon is spending $700 million per year, and nearly break even. Child doesn’t think it will need to spend more on marketing because at $700 million annually, it’s plenty to grow going forward.
  • Cramer thought Groupon wasn’t selling enough stock. Child said that floating $805 million, is sizable.
  • Groupon’s big base of customers and merchants is its killer advantage.

Here’s the the video:

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

groupon ipos sai-us