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News Summary: Weak Europe hurts Groupon in 2Q

By The Associated Press
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NOW 20 PERCENT OFF: Groupon Inc. shares got even cheaper Monday after second-quarter revenue disappointed analysts. Shares fell 19.5 percent to $6.08 in after-hours trading.

EUROPE HEADWINDS: A weak euro and British pound trimmed sales, but Europeans spent less on deals for high-priced items like laser hair removal and luxury hotel sales as the economy got worse.

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