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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Comments (2)
  • Sebanightwish
    , contributor
    Comments (1120) | Send Message
     
    They made a smart purchase

     

    I am long GRPN
    20 Nov 2012, 11:11 AM Reply Like
  • Sebanightwish
    , contributor
    Comments (1120) | Send Message
     
    repeat: Smart purchase!

     

    I am long GRPN
    21 Nov 2012, 02:31 PM Reply Like
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