Sponsored by Lane Powell

Groupon takes a major hit

| Print |  Email
The Latest
Tuesday, November 22, 2011

A broader market downturn has hit tech stocks this week, but newly public startups like Groupon were hit especially hard. Some economists say this could indicate renewed dot-com bubble concerns.

Groupon shares plunged 10% on Monday and were down another 12% midday Tuesday to trade at $20.61. That's mere pennies above the $20 price of Groupon's initial public offering earlier this month.
This year has been chock-full of Internet IPOs, and their typically large early gains have led to concerns about overvaluation.
Shares of business networking site LinkedIn were trading 7% lower for much of the session on Monday, the first day that some company insiders were allowed to dump the stock.
That phenomenon isn't exclusive to LinkedIn. It's typical for IPOs to include 180-day "lockup" agreements that prevent certain early investors from unloading their stakes.
Groupon's own lockup period ends May 2. Internet radio company Pandora's ends on December 12, and real estate Zillow's expires January 16.

Read The Latest from CNN Money.

 

More Articles

Staffing Challenge

July/August 2015
Monday, July 13, 2015
BY KIM MOORE

A conversation with Greg Lambert, president of Mid Oregon Personnel Services.


Read more...

5 stats about Oregon fireworks

The Latest
Thursday, June 18, 2015
fireworksthumb001BY JACOB PALMER | DIGITAL NEWS EDITOR

Fireworks are a booming industry, even if the pyrotechnics have turned July 4th into a day fire marshals, and many residents, love to hate.


Read more...

Fixing Oregon’s broken roads

The Latest
Tuesday, June 09, 2015
RUCCostComparison rev4-30BY KIM MOORE | RESEARCH EDITOR

The technology at the center of Oregon’s road usage fee reform.


Read more...

Fueling Up for the Climb

July/August 2015
Friday, July 10, 2015
BY GREGG MORRIS

Rita Hansen aims to scale natural gas vehicle innovation.


Read more...

Farm in a Box

July/August 2015
Friday, July 10, 2015
BY JACOB PALMER

Most of the food Americans consume is trucked in from hundreds of miles away. Eric Wilson, co-founder and CEO of Gro-volution, wants to change that. So this past spring, the Air Force veteran and former greenhouse manager started work on an alternative farming system he claims is more efficient than conventional agriculture, and also shortens the distance between the consumer and the farm.


Read more...

The Private 150: From Strength to Strength

July/August 2015
Monday, July 13, 2015
BY KIM MOORE

Revenues in Oregon's private, for profit sector maintained solid growth as the economy continued to rebound.


Read more...

Apartment Mania

Guest Blog
Thursday, June 18, 2015
4805983977 11466ce1d6 zBY BRAD HOULE | CFA

While most categories of commercial real estate have performed well, one of the most robust has been apartment buildings.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS