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Groupon (GRPN -7.8%) closes with big losses. The Street is likely worried about the depressing...

  • Wednesday, October 31, 2012, 4:02 PM ET
    Groupon (GRPN -7.8%) closes with big losses. The Street is likely worried about the depressing performance of top rival LivingSocial, something that just forced 29% owner Amazon (AMZN -2.2%) to take a big write-down. In its Q3 10-Q, Amazon noted LivingSocial posted an operating loss of $69M in Q3 on revenue of $124M. Moreover, Amazon now gives LivingSocial a valuation of just $325M, 94% below the $5.7B valuation granted in a Dec. '11 funding round. Groupon, which reports on Nov. 8, is currently valued at $2.66B.
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This news story has 3 comments:

  •  
    Groupon's share is down over 7% with over 3X usual stock exchanged... It seems that insiders have premium informations concerning Q3 report :p it is planed to be published on 8th of november, look bad news to me ; sell sell ^^
    31 Oct 2012, 04:07 PM Reply Like
  •  
    Groupon was the first and I have a feeling may be the last one standing...which could mean huge profits. I've watched the copiers drop by the way side. If the economy picks up, it could be sooner than later. I say buy now.
    31 Oct 2012, 05:31 PM Reply Like
  •  
    The answer next week !

    I pay you a beer if your right ;p
    1 Nov 2012, 08:41 AM Reply Like
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