Groupon's CEO Andrew Mason today posted a letter to shareholders with some updated figures on how the company is doing, and a more specific outline of what Groupon plans to do to to move beyond daily deals: "To become the operating system for local commerce." The move is a significant one as Groupon attempts to shore up investor confidence amidst a series of accounting issues, and the fact that some believe interest in the basic service of daily deals is beginning to wane. It also underscores some of the challenges Groupon still faces as a company. Mason notes that at the moment there are "10 million geo-located subscribers engaging with Groupon every month who have yet to make a purchase." Source: http://feedproxy.google.com/~r/Techcrunch/~3/o2CeBxbHKwY/
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