Groupon (GRPN +11.1%) is up sharply on news Tiger Global has taken a 9.9% stake. The news comes...
Groupon (GRPN +11.1%) is up sharply on news Tiger Global has taken a 9.9% stake. The news comes a week after George Soros and Paul Tudor Jones disclosed they bought shares of the daily deals leader in Q3. A lot of "smart money" has poured into a company that's dealing with some serious regional challenges and a big mix shift towards regular e-commerce sales. 17.3% of Groupon's float was shorted as of Oct. 31.
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