Groupon tumbles as sell restriction expires
More than 600 mln shares released from lock-up; stock sinks
SAN FRANCISCO (MarketWatch) — Shares of daily-deals website Groupon Inc. fell to a new record low on Friday, as a restriction on insider selling expired.
Groupon GRPN -9.21% was trading down roughly 10% to $9.62 in heavy trading Friday afternoon as the broader market also retreated on disappointing jobs data. The Nasdaq Composite Index COMP -2.78% was down more than 2%.
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GRPN market cap is fast approaching the 6 billion that GOOG offered them some time ago! If this continues for a few more days, they would wish that they had taken up on that offer instead!
