According to BusinessInsider.com “Groupon’s stock has crashed to a new all-time low below $3 a share. The stock is now down more than 85% from its $20 IPO price a year ago.” Not only is the stock dropping but the company is laying off staff. I am not sure Groupon will survive or that its stock will rise.
According to Business Insider Groupon has been able to stay afloat by slashing jobs, it still has significant money from its IPO and by delaying payments to its merchants. For all you future or current investors Information is key in making any financial decision.
Do you think Groupon will survive ? and what effect will this have on Twitter IPO ( if it goes that way) as well as future of Facebook stock. ? Read more: http://www.businessinsider.com/groupon-analyst-cuts-target-to-2-2012-11#ixzz2Bl35NZBz