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The trouble with Groupon–it’s all push and no pull
Groupon, briefly the darling of Wall Street, is in trouble. After IPO’ing in November 2011 at $20 a share, the stock briefly rocketed to $31, before beginning its depressing descent back to a bubble-bursting $11. Yesterday’s trading saw the price close at $11.85 after a 6.5% day rally. So what’s the problem with Groupon? Like…
