Groupon Stock Collapsed This Week. Here's Why
Groupon(GRPN) The Motley Fool·2024-08-01 22:51The coupon platform is still not profitable.Groupon (GRPN -8.22%) stock has seen its shares collapse this week, according to data from S&P Global Market Intelligence. After reporting weak growth and more losses in the second quarter, Wall Street sold off the digital coupon platform's stock by over 30%. As of market close on Thursday, Aug. 1, Groupon is down 32% this week. It is off 97% from all-time highs set over a decade ago.Here's why Groupon stock was falling once again this week.Declining revenue, high ...