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
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- 43 TV shows to watch in 2014
- The science of sex: 4 harsh truths about dating and mating
- How our botched understanding of 'science' ruins everything
- 13 Urban Outfitters controversies
- How to be the star of a cocktail party where you don't know anyone
- Russia is stealthily threatening America with nuclear war
- What would a U.S.-Russia war look like?
- 6 things the happiest families all have in common
- Why so many Christians won't back down on gay marriage
Subscribe to the Week