When Groupon went public earlier this month at $20 per share, the daily-deals provider saw its stock soar. But now, Groupon has become a losing proposition for its shareholders.
The company's shares yesterday dropped 9.01 percent, or $1.51, to settle at $15.24. That's despite the fact that Nasdaq was up 3.5 percent yesterday.
Since Groupon went public, the company's stock has declined 41.63 percent, and by the look of things, the drop could continue until shareholders start to see some positive financial news come out of the company.
The issue is, Groupon … Read more