Deals
Groupon Loses Half of Value Since IPO on Accounting Woes
This article is for subscribers only.
Groupon Inc., the biggest online coupon company, has lost half its value since a November initial public offering amid concern over its ability to translate growth into profit while rectifying accounting missteps.
The company fell 3.3 percent to $9.97, a record low, at the close today in New York. Groupon has slumped 50 percent since its stock-market debut.