Groupon’s Stock Slide Worse Than Other Once-New Tech Companies | Wired  Groupon is all about discounts, but not this kind. The daily deal site’s shares plunged more than 25% to a record-low close Tuesday, little more than nine months since an IPO that valued the company at nearly $13 billion. The company’s stock price is off nearly 80% since then as investors flee a company they fear can’t sustain profits or growth—anxieties that Monday’s earnings report didn’t ease.

Groupon’s Stock Slide Worse Than Other Once-New Tech Companies | Wired 

Groupon is all about discounts, but not this kind. The daily deal site’s shares plunged more than 25% to a record-low close Tuesday, little more than nine months since an IPO that valued the company at nearly $13 billion. The company’s stock price is off nearly 80% since then as investors flee a company they fear can’t sustain profits or growth—anxieties that Monday’s earnings report didn’t ease.

#tech #groupon #stock

9 months ago

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    Groupon isn’t the only tech company experiencing a drop. Facebook’s share price also hit an all-time low on Thursday...
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    over-hyped
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courtenaybird
I lead biz dev & sales at UNION METRICS. We do impact and engagement analytics for Twitter (TweetReach) and Tumblr.


Born and raised in Atlanta, I completed my Master's in Digital Media at Georgia Tech and moved to San Francisco in April 2010 to consult on new media strategy for top companies and consumer brands.

courtenay [at] unionmetrics [dot] com

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