Today's Hard|Forum Post
Today's Hard|Forum Post

Saturday September 03, 2011

Groupon Traffic Drops by Half

Groupon website traffic may have hit its peak back in June when hopes were riding high on a $750 million cash influx in preparation for its planned IPO. Traffic numbers correlate directly to the amount of cash that can be raised and the numbers just aren’t there any longer.

As for Groupon, it could be flailing in reputation in the face of consumers amidst reports of unusual accounting schemes, costing business owners more money than they receive in return, and even bleeding money itself.