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

Tuesday November 29, 2011

Groupon Shares Fall Off a Cliff, Down 42%

Whoddathunkit? Groupon shares are in the crapper and getting worse by the day. Damn, if only there was a website where people could all get together and buy some stocks at a discounted price. wink

Since Groupon went public, the company's stock has declined 41.63 percent, and by the look of things, the drop could continue until shareholders start to see some positive financial news come out of the company. The issue is, Groupon has never been profitable. Last year, for example, the company lost $390 million on $313 million in revenue.