Groupon’s stock has been absolutely crushed since the middle of February. The stock dropped another 5% today.
The bad news for shareholders is that it’s still arguably overpriced. With a $7 billion market cap, it’s trading at 3X revenue. It still has some room to fall.
The good news for shareholders is that it’s not going to zero. There’s a business in there, it just needs to find a proper valuation.
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