Groupon, Inc. operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities; health, beauty, and wellness; food and drink; home and garden; automotive; discounted and market rates for hotel, airfare, and package deals, as well as deals on various product lines, such as electronics, sporting goods, jewelry, toys, household items, and apparel. It offers its deal offerings to customers through Websites; search engines; mobile applications and mobile, which enable consumers to browse, purchase, manage, and redeem deals on their mobile devices; emails and push notifications; affiliate channels; social and display advertising; and offline marketing. The company was formerly known as ThePoint.com, Inc. and changed its name to Groupon, Inc. in October 2008. Groupon, Inc. was founded in 2008 and is headquartered in Chicago, Illinois.
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Groupon released its fourth-quarter earnings report on Tuesday that saw a massive 25% decline in its stock in after-hours trading as the company announced to have missed the earnings and revenue forecast in the recent quarter. According to Refinitiv, analysts were expecting the American global e-commerce marketplace to print $709 million...
Long-term Groupon investors were likely browsing the platform to find a good alcohol deal to drown their sorrows. The stock traded lower Tuesday afternoon by more than 25% after reporting fourth quarter results but by Wednesday afternoon shares were lower by more than 40% and hit new all-time lows of $1.70. Q4 Results Groupon said it ear...
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