While Groupon’s business improves, its stock tanks
Social stocks just can’t catch a break. Groupon announced its second quarter earnings report after the market closed today and the company’s profit was better than expected, but its revenue growth was slower than analysts’ had hoped. Despite the decent numbers, the stock has tanked , down more than 18 percent in after hours trading. The daily deal king announced earnings of eight cents per share on $568.3 million, with a profit of $28.4 million
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While Groupon’s business improves, its stock tanks