Groupon shares continue to tumble. The online deals website released a disappointing quarterly earning report late Monday, and the company's stock has set a new record low every day since Tuesday. On Friday afternoon, shares hit $4.59, down more than 75 percent from its initial public offering price of $20 in November. The Chicago-based company "blamed the weak economy in Europe and unfavorable currency-exchange rates," reports the Associated Press, but analysts say customers are likely overwhelmed by the explosion of copycat online-deals services.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- The U.S. Marines are developing laser weapons. Here's why.
- Why the Supreme Court is allowing Texas to hold an unconstitutional election
- 43 TV shows to watch in 2014
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- Gamergate has backfired spectacularly on its nincompoop perpetrators
- How 1,000-year lifespans could remake the economy
- 3 horrific inaccuracies in Homeland's depiction of Islamabad
- Rise of the machines
- 6 things the happiest families all have in common
- Ban PowerPoint!
Subscribe to the Week