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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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus