Groupon’s Stock Slide Worse Than Other Once-New Tech Companies | Wired  Groupon is all about discounts, but not this kind. The daily deal site’s shares plunged more than 25% to a record-low close Tuesday, little more than nine months since an IPO that valued the company at nearly $13 billion. Groupon isn’t the only tech company experiencing a drop. Facebook’s share price also hit an all-time low on Thursday morning after the “lockup” period, when early investors were prevented from selling their shares, ended. More than 270 million shares of the social network were released to the market on Thursday.

Groupon’s Stock Slide Worse Than Other Once-New Tech Companies | Wired 

Groupon is all about discounts, but not this kind. The daily deal site’s shares plunged more than 25% to a record-low close Tuesday, little more than nine months since an IPO that valued the company at nearly $13 billion.

Groupon isn’t the only tech company experiencing a drop. Facebook’s share price also hit an all-time low on Thursday morning after the “lockup” period, when early investors were prevented from selling their shares, ended. More than 270 million shares of the social network were released to the market on Thursday.

(via cnet)

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