Groupon Stock Tumbles on Surprise Q2 Loss
Groupon(GRPN) Investopedia·2024-07-31 12:05Key TakeawaysGroupon reported a surprise second-quarter net loss after the closing bell Tuesday.The stock fell sharply in premarket trading Wednesday, as analysts had projected Groupon to start reporting profitable quarters starting in Q2.CEO Dusan Senkypl cited performance issues with the Groupon website as a reason for the results. Groupon (GRPN) shares tumbled in premarket trading Wednesday, a day after the company reported an unexpected loss. The e-commerce platform reported a net loss of $9.4 million f ...