In addition to the Zynga train wreck, Groupon (GRPN -7.7%) is falling due to a downgrade to Equalweight from Evercore's Ken Sena. Sena, who upgraded Groupon in April, is worried about both Groupon's performance - he thinks North American and international billings are "trending well below consensus" - and trustworthiness. He believes Groupon's Q1 beat was due to sales from Groupon Goods rather than improved daily deals performance, as the company claimed in May.
In addition to the Zynga train wreck, Groupon (GRPN -7.7%) is falling due to a downgrade to...
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Symbol | Last Price | % Chg |
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GRPN | - | - |
Groupon, Inc. |