Groupon Tumbles to Record as Billings Slump Seen: Chicago Mover
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Groupon Inc. tumbled to a record low after Evercore Partners Inc. downgraded shares of the daily-deal website, citing a potential for billings to decline.
The shares retreated 5 percent to $4.75 at the close in New York, the lowest price since an initial public offering in November. The stock has lost 76 percent since the IPO.