Wall Street Watch this Week: Groupon May Become a Better Deal
Filed under: Earnings, Amazon.com, Whole Foods, Walt Disney, Market News
Poor Groupon (GRPN).
The daily deals leader has had one of the worst post-IPO performances of the past year. Groupon went public last November at $20, and went on to shed roughly 80% of its value.
Things didn’t get any better for the dot-com disappointment last month. The stock took a hit — and not even for anything that Groupon itself actually did. It was a lousy report by LivingSocial — Groupon’s rival — showing slowing growth and an actual decline in sequential revenue. And LivingSocial…
Wall Street Watch this Week: Groupon May Become a Better Deal originally appeared on DailyFinance.com on 2012-11-05T06:00:00Z.
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