Did Groupon Just Grow Up?
The following video is part of our "Motley Fool Conversations" series, in which technology and media editor/analyst Andrew Tonner and technology editor/analyst Brenton Flynn discuss topics across the investing world.
Daily deal giant Groupon limped into its most recent quarterly report. Barely scraping above its 52-week lows, the company found itself battered and bruised. Groupon recently had to restate earnings. To add insult to injury, oft-criticized CEO Andrew Mason made a widely publicized gaffe, saying he had "too much beer" at an all-hands meeting intended to discuss the company's need to mature. Despite all this negativity, Groupon topped analyst estimates with its most recent earnings announcement, which also sent the stock sharply upward. Does this most recent quarter signal that Groupon has indeed matured as a company, or is this just a one-off?
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At the time this article was published Andrew Tonner has no positions in the stocks mentioned above.Brenton Flynnowns shares of Amazon.com. The Motley Fool owns shares of Amazon.com, Bank of America, and Google.Motley Fool newsletter services recommendAmazon.com, eBay, and Google. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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