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Groupon provides a new service to help individuals and organizations manage all the stuff they buy/sell on Groupon
The tool is based on technology from a Canadian company it bought last fall, OpenCal.
Groupon users will be able to book appointments when they buy a Groupon, or wait till later. They can also change or cancel appointments online. Users can also continue to schedule with the merchant directly.
The tool will let merchants track their customers, including what other appointments they have made and how much they spend during each visit.
Business & Technology | Groupon launching appointment scheduling tool | Seattle Times Newspaper
Apparently a fine line between objectivity and duplicity
Two of its lead underwriters, Morgan Stanley and Credit Suisse, expressed optimism for Groupon’s outlook but still issued neutral ratings. Morgan Stanley initiated coverage at equal weight, with a $27 price target. It praised Groupon for its “prime mover status and scale,” but warned investors to “wait for a better entry point to build a position.” The firm also pointed out that Groupon’s competitive advantage might be eroded as merchants became more sophisticated on the Web and rivals attacked its market share.
For Groupon, Faint Praise From Its Underwriters – NYTimes.com
Continue reading: For Groupon, Faint Praise From Its Underwriters – NYTimes.com
A bummer month for Groupon shareholders
Many retailers are enjoying a Thanksgiving shopping spree lift from investors, but not Groupon.
Its shares closed today down nine percent, settling at $15.24 after bouncing off a new low of $14.85. That’s less than half the $31.14 that some investors paid at the stock’s high point, just after it went public in early November. More recently, it has been trading in the low to mid-$20s.
Groupon Stock Falls by 9 Percent – Tricia Duryee – Commerce – AllThingsD
Continue reading: Groupon Stock Falls by 9 Percent – Tricia Duryee – Commerce – AllThingsD
That didn’t take long
Groupon’s IPO looks a particular disaster. Barely three weeks after selling just 6% of its shares outstanding to the public, Groupon’s share price is in free-fall. At $16.96, where Groupon closed Wednesday, shares are already well below the initial public offer price of $20. Doubts about Groupon’s business model had been well-publicized. Still, among technology IPOs dating back to 1995, Groupon offered the fourth smallest number of shares as a percentage of those outstanding, according to Dealogic. That was likely a key factor behind its strong debut.
HEARD ON THE STREET: Social Media’s Selloff – WSJ.com
Continue reading: HEARD ON THE STREET: Social Media’s Selloff – WSJ.com
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