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

Saturday November 03, 2012

A Year After The IPO, Groupon Crashes To New All-Time Low

Oh how far the mighty have fallen and it only took one year. Groupon’s stock has fallen from a first day opening price high of $30 to a new low of $4 a share. If you like skiing, it’s been a great downhill run for the past year.

Groupon is profitable, which many skeptics never thought it would be. But its original business, daily deals, has proved to be a much smaller opportunity than most people thought.