Groupon’s stock hits lowest level since IPO

Published July 11, 2012 10:03pm ET



NEW YORK (AP) — Groupon’s stock hit its lowest level Wednesday since the online deals company went public last November amid concerns about traffic to its website and its exposure to Europe’s weak economy.

Internet trends tracker ComScore Inc. said traffic to Groupon declined 15 percent in June from a year earlier. Groupon.com had about 12.2 million unique visitors last month from 14.5 million in June 2011.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.