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November 4, 2015 02:44 pm GMT

Groupon Opens 30% Down On Market Jitters Over CEO Change, Weak Q4 Guidance

CHICAGO, IL - JUNE 10:  The Groupon logo is displayed in the company's international headquarters on June 10, 2011 in Chicago, Illinois. Groupon, a local e-commerce marketplace that connects merchants and consumers by offering goods and services at a discount, announced June 2 that it had filed with the Securities and Exchange Commission for a proposed initial public offering of its Class A common stock. The company, launched in Chicago in November 2008 now markets products and services in 43 countries around the world.  (Photo by Scott Olson/Getty Images)It’s a bad deal today for Groupon, the company that built a business around daily deals for goods and services and has since expanded into areas like commercesolutions for smallbusinesses. The company’s stock opened at $2.81after droppingmore than30% in pre-market trading, on the heels of a triple-whammy of news:a CEO change; amixed Q3 report; and weak guidance for… Read More

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