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.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald