Wednesday October 21, 2020

Groupon falls as expenses mount amid deal fatigue

Groupon fell the most in more than a month on concern that marketing costs are rising amid waning consumer interest in online coupons.

17th September, 2012
Shares of Chicago-based Groupon decreased 7 per cent.

Groupon, operator of the biggest daily-deals website, fell the most in more than a month on concern that marketing costs are rising amid waning consumer interest in online coupons.

Shares of Chicago-based Groupon decreased 7 per cent to $4.90 a short time ago in New York, and earlier dropped to $4.88 for the biggest decline since August 17th. The stock had lost 74 per cent this year before today.

As the discount service expands marketing efforts and gains a...

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