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Feb 19 - groupon tanks 44%


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Top 10 most propped recently  1 month ago '09        #1
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messy marv stan  topics gone triple plat - Number 1 spot x20
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Feb 19 - groupon tanks 44%
 

 
visit this link https://nypost.com/2020/0 .. earnings-miss/


Groupon’s stock plummeted Wednesday after it posted worse-than-expected financial results and said it’s backing away from plans to become an online retailer akin to Amazon.

image Shares of the company — which got its start selling coupons for local restaurants and spas and has since moved into selling products — plummeted nearly 44 percent to an all-time low of $1.71 in early trading Wednesday.

The company late Tuesday posted adjusted net income of $44.5 million, or 7 cents a share, for the three months ending Dec. 31 — roughly half Wall Street’s average expectations of $96.2 million, or 15 cents a share, according to Bloomberg data.

Following its dismal results, Groupon said it will ditch its so-called Goods marketplace for selling purses and phone chargers — a defeat for the company that had once aspired to become a large online retailer of discounted goods.

“Our failure to meet the expectations we set will understandably frustrate our shareholders, as it has us,” Groupon CEO Rich Williams wrote in a Tuesday letter to stockholders. “This performance shortfall, coupled with the significant headwinds we continue to face, call for profound change.”

Groupon plans to re-launch its brand with a new marketing strategy highlighting its discounted experience offerings, which it views as a major engine for potential growth, Williams said.

The company aims to capitalize on its brand recognition to be “top of mind when our customers are looking for the best things to do around them, when they need something to do with their kids on the weekend or for when they’re planning date night,” Williams wrote.

“Goods has outlived its role as a business driver and has become a significant drag on our business,” Williams added.

Groupon’s shares had risen 26 percent since the start of the year to close at $3.05 Tuesday before the company’s disappointing report. It had pared Wednesday’s losses to 40.8 percent as of 12:32 p.m.
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 1 month ago '04        #2
mr_underground|m  topics gone triple plat - Number 1 spot x5
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totally unsustainable business.
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 1 month ago '07        #3
Damagegadget  topics gone triple plat - Number 1 spot x1
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wonder if this is going to put them out, cause that looks like a good buying point, but from the looks...not too sure
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 1 month ago '17        #4
yousabitch 
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their problem is that they charge the small businesses that offer these deals way too much. I looked into it and said fu*k that
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 1 month ago '16        #5
foshoVoodoo  topics gone triple plat - Number 1 spot x4
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fu*k them and they fake coupons
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 1 month ago '17        #6
Lazy 
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Time to buy
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 1 month ago '17        #7
Naga Sadow  topics gone triple plat - Number 1 spot x3
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 foshoVoodoo said
fu*k them and they fake coupons
All I see are massages, cheap restaurants, rug cleaning, and vibrators advertised.

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 1 month ago '04        #8
mrjam7 
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I used it to get cheap concert tickets
T
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 1 month ago '04        #9
ohhohh 
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 Naga Sadow said
All I see are massages, cheap restaurants, rug cleaning, and vibrators advertised.

They have deals on there sometimes, got me some Andis T-Liners on there for $28.00 one time and cheap a*s Six Flags tickets...so they're pretty hit or miss
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 1 month ago '17        #10
Naga Sadow  topics gone triple plat - Number 1 spot x3
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 ohhohh said
They have deals on there sometimes, got me some Andis T-Liners on there for $28.00 one time and cheap a*s Six Flags tickets...so they're pretty hit or miss
I got a great deal on a carpet cleaning service. Damn little bad a*s nephews destroyed my game room carpet.

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 1 month ago '20        #11
NachoDips 
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 1 month ago '04        #12
ohhohh 
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 Naga Sadow said
I got a great deal on a carpet cleaning service. Damn little bad a*s nephews destroyed my game room carpet.

Lol you gotta be that whoopin a*s Uncle bruh..
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 1 month ago '04        #13
doro85 
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 Naga Sadow said
All I see are massages, cheap restaurants, rug cleaning, and vibrators advertised.

All the fu*kin time bro... im scared to look at groupon in public lmao
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 1 month ago '06        #14
kip99 
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Keep an eye on it. If they are bought out, purchasing $1000 shares might be a nice come up.
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 1 month ago '14        #15
BasedGawd  topics gone triple plat - Number 1 spot x3
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No surprise, the deals have been sh*t for years now.
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 1 month ago '05        #16
luvdahaze 
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 yousabi*ch said
their problem is that they charge the small businesses that offer these deals way too much. I looked into it and said fu*k that
yea man they take like 80 percent of profit they are already discounting. when I get calls for appointments I tell them get a refund and I'll charge u ten dollars less
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 1 month ago '19        #17
unit321  topics gone triple plat - Number 1 spot x7
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I've bought discounted Christmas cards from groupon.

I've bought discounted mini-golf tickets from groupon.

These business are giving a pretty good discount plus paying groupon. How are they going to sustain their business like that?
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 1 month ago '17        #18
JacobWatch 
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That’s wild I never even knew they sold products on there

I use it for local deals only, not just randomly surf the sh*t either, I have to be interested in something already and I’ll search it there to weigh my options

Like a normal oil change runs me about $100 at an independent shop but with the Groupon the local meineke does that sh*t for $49.99


 1 month ago '15        #19
Still Numskull 
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Never used groupon before

 1 month ago '06        #20
Storchaveli  topics gone triple plat - Number 1 spot x2
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RIP to the HOHers who will no longer be able to use Groupon on their first dates.
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 1 month ago '04        #21
smurfdoran 
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I just used Groupon the other day to buy Martin Lawrence tickets. It was 35% off.
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 1 month ago '12        #22
daman729 
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 kip99 said
Keep an eye on it. If they are bought out, purchasing $1000 shares might be a nice come up.


mmm hmmm Exactly!!

 1 month ago '05        #23
airmcnair06  topics gone triple plat - Number 1 spot x4
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 JacobWatch said
Like a normal oil change runs me about $100 at an independent shop but with the Groupon the local meineke does that sh*t for $49.99

$100 for an oil change? What kinda oil change is this my G?

What kinda car you got that a $50 oil change is a deal? I hope that's full synthetic with a mobil 1 filter and a free car wash at least
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 1 month ago '18        #24
shooter  topics gone triple plat - Number 1 spot x1
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White men get hundreds of millions to fukup. Crash the company, fail, and do it again.
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 1 month ago '17        #25
JacobWatch 
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 airmcnair06 said
$100 for an oil change? What kinda oil change is this my G?

What kinda car you got that a $50 oil change is a deal? I hope that's full synthetic with a mobil 1 filter and a free car wash at least
Beamer & definitely full synthetic




















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