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
- Why all drugs should be legal. (Yes, even heroin.)
- Here's the schedule very successful people follow every day
- How to trim $500 from your monthly spending
- 7 ideas from ancient thinkers that will improve your modern life
- Comic-Con 2014: Everything we learned about Avengers 2, Batman v. Superman, and more
- What would a U.S.-Russia war look like?
- Are there too many good shows on television?
- The big, gaping hole in the liberal policy arsenal
- Why you should really take a nap this afternoon, according to science
- The forgotten victims of the war in Ukraine
Subscribe to the Week