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: