Groupon There was a reason that we wondered in early 2013 if Groupon would make it to 2014—the company is hemorrhaging cash, and the situation has just gotten a lot worse. According to the company’s latest earnings report published on Tuesday, the online deals site sustained a net loss of $22.8 million in the second quarter of 2014—approximately triple the level of losses the company had during the same period a year ago. During the first half of 2014, Groupon lost over $60.6 million, or over five times what it lost during the first half of 2013. From 2009 through 2013, Groupon has incurred total net losses of over $820 million . Unsurprisingly, the stock price took a hit today —as of this writing, Groupon has plummeted over 15 percent in after-hours trading, hovering just under $6 per share. By comparison, Groupon closed at just over $26 per share after its first day as a publicly traded company back in November 2011. Read 2 remaining paragraphs | Comments
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Groupon lost over $60 million in first half of 2014, stock tanks 15 percent
