Groupon: Court bans deals with fantasy-doctorates
The bargain portal Groupon may, following a decision of the Administrative Court of Berlin offer no more vouchers for academic fantasy title. As the Court announced, according to dpa, Groupon had an honorary doctorate and professorship to obscure subjects such as "Exorcism", "Immortality" and "Ufology" distributed over the Internet. Was not apparent at first glance, that it was "fun stuff" act, a court spokesman justified the verdict. Way could "Psychic Sciences" ("paranormal science" and "parapsychology") are easily confused with "psychology", the report said.
Groupon employs claims to about 10,000 people in 45 countries, the portal was in Germany bargain struck repeatedly by strange deal with doctoral titles, most recently with a parapsychological honorary doctorate of "Miami Life Development Church & Institute '. This has long been known as a diploma mill.
Recently, the business model of the bargain portal was also drawn into question. Concerning a moderate balance between the shareholders reacted in panic and sent its share price into the basement. Even Groupon was under fierce under fire: not only about consumer advocates criticized time and again that the supposed good deals on discount offers at Groupon often are not so good, even the investors and regulators threw an eye on the discount coupon distributors. Sun Groupon had to correct his books because of sloppy guided Annual repeatedly. The IPO also disappointed the hopes of many investors: the short flight of the rapid fall followed by the stock issue price.
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