Sponsored by Oregon Business

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

All Rise

March 2015
Friday, February 20, 2015
BY AMY MILSHTEIN | OB CONTRIBUTOR

Don’t just sit there. For a healthy workplace, move up and down — and all around.


Read more...

Meeting Facilities Perspective

March 2015
Tuesday, February 24, 2015
BY KIM MOORE | OB RESEARCH EDITOR

A conversation with Donna Earley, director of sales and marketing for the Salem Convention Center.


Read more...

Money Talks

March 2015
Saturday, February 21, 2015
BY LINDA BAKER | OB EDITOR

Will community banks survive the digital age? Three CEOs peer into banking's crystal ball.


Read more...

Courtside

April 2015
Thursday, March 26, 2015
BY JACOB PALMER

Power lunching at the Court Street Dairy Lunch in Salem.


Read more...

Downtime with the executive director of Greater Portland Inc.

April 2015
Thursday, March 26, 2015

Janet LaBar, Executive director, Greater Portland Inc.


Read more...

City announces plans for Portland summer-league baseball team

News
Tuesday, March 10, 2015
IMG 3888BY JACOB PALMER | OB DIGITAL NEWS EDITOR

Baseball is returning to Portland and city officials are hoping economic opportunity comes with it.


Read more...

Game On

March 2015
Wednesday, February 25, 2015
BY LINDA BAKER | OB EDITOR

The big news at Oregon Business is we’re getting a ping pong table. After reading the descriptions of the 2015 100 Best Companies to Work For in Oregon, a disproportionate number of which feature table tennis in the office, I decided it was time to bring our own workplace into the 21st century. It was a tough call, but it’s lonely at the top, and someone has to make the hard decisions.


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