Groupon (GRPN) Slings 5x More Deals Over Black Friday Weekend
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As noted in an article from Tuesday evening, Black Friday and Cyber Monday turns average, everyday consumers into deal-hungry cash-mongers for retailers.
And Groupon (Nasdaq: GRPN) is no exception.
According to a blog post Wednesday, CEO Andrew Mason said the period from Black Friday to Cyber Monday made for one of the company's best weekends ever. Related to it's annual Grouponicus sales, Mason said Groupon sold 650,000 Grouponicus deals over the four-day period, an increase of 500 percent over last year.
With shares now down about 43 percent after opening its first day of trade at $28, the news -- and more open communication on the site -- will surely be welcome by investors.
Groupon is making a nice run today, up 6.7 percent on the session.
And Groupon (Nasdaq: GRPN) is no exception.
According to a blog post Wednesday, CEO Andrew Mason said the period from Black Friday to Cyber Monday made for one of the company's best weekends ever. Related to it's annual Grouponicus sales, Mason said Groupon sold 650,000 Grouponicus deals over the four-day period, an increase of 500 percent over last year.
With shares now down about 43 percent after opening its first day of trade at $28, the news -- and more open communication on the site -- will surely be welcome by investors.
Groupon is making a nice run today, up 6.7 percent on the session.
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