Groupon Shares Now 80 Percent Off; Hit New Low

Groupon shares are trading at a new low this morning after the company reported mixed second-quarter results yesterday that left investors questioning the company’s long-term growth strategy. In afternoon trading, shares were down nearly 23 percent, or $1.72, to trade at $5.83 a share. That’s 80 percent less than the $31.14 some paid at the stock’s high point, just after it went public in early November.


Latest Video

View all videos »

Search »

I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik