Groupon Stock Continues Downward Slide

by Techvibes NewsDesk

Last week, Groupon issued its first quarterly financial report as a public company. Investors didn't like what they saw—slowing growth and an inability to profit—and the stock dropped a hefty 10%.

Several days later, with most of the market in the green, Groupon shares continue to slump, down nearly 9% today. At just $19, GRPN once again sits lower now than when it debuted on the public market.

The underwhelming stock performance reinforces consumer, merchant, and investor wariness of the daily deals space—Groupon was the fastest growing and is now the biggest of its kind but can't profit and can't keep its share price afloat. Does this spell trouble for the group buying industry?


Chicago, Illinois, United States

Launched in November 2008, Groupon features a daily deal on the best stuff to do, see, eat, and buy in a variety of cities across the United States. We have about 200 wonderful people working in our Chicago office (a handful of whom you can see to your right), along with a smattering of people in Groupon's other cities. Our company philosophy is pretty simple: we treat our customers the way we... more

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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more

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