Groupon Inc (GRPN)'s $20b Of Snake Oil Is Now Only Worth $1.8bVW Staff
Another quarter of dismal revenue growth and a shift to a business model that’s less profitable, dumps Groupon Inc (NASDAQ:GRPN)'s stock to its lowest trading price since the company’s IPO one year ago. ValueWalk was the first to predict trouble for Groupon stock. We called the company’s IPO “$20 billion worth of snake oil” on the day it went public.
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