Can It Get Any Worse for Groupon?
Last year, daily-deal provider Groupon was one of the hottest names in the tech sphere. As it came public, investors cheered and bought heavily in initial trading. Fast-forward to this year, and the scene has turned 180 degrees for Groupon. Once valued at more than $13 billion, it has seen its shares steadily punished by the market, including after another disappointing quarterly earnings announcement. The market now says Groupon is worth nearly $4 billion -- quite the haircut indeed. Is this justified? Were its most recent numbers that bad? Watch the following video to find out.
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The article Can It Get Any Worse for Groupon? originally appeared on Fool.com.Anand Chokkavelu, Andrew Tonner, and The Motley Fool have no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.