Groupon (GRPN) Falls, Investors Concerned About Lagging Interest
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Price: $9.58 --0%
Rating Summary:
13 Buy, 17 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 8 | New: 11
Rating Summary:
13 Buy, 17 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 8 | New: 11
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Groupon (Nasdaq: GRPN) is showing some weakness Tuesday, not the best way to kick off the new year.
According to Reuters, a survey conducted by Yipit and Susquehanna Financial Group shows that 8 out of 10 merchants enjoyed doing business with Groupon (as well as others daily deal sites like LivingSocial).
But liking and doing are two very different things. Despite the overall love fest for daily deal sites, about 52 percent of the merchants said they wouldn't be doing a deal within the next 6 months, and 24 percent said they would only do 1 deal in the next half year.
It wasn't immediately clear what data from the previous survey, or from last year, showed for comparison. The results come from 400 merchants surveyed.
Groupon shares are down 7.4 percent in mid-day trading.
According to Reuters, a survey conducted by Yipit and Susquehanna Financial Group shows that 8 out of 10 merchants enjoyed doing business with Groupon (as well as others daily deal sites like LivingSocial).
But liking and doing are two very different things. Despite the overall love fest for daily deal sites, about 52 percent of the merchants said they wouldn't be doing a deal within the next 6 months, and 24 percent said they would only do 1 deal in the next half year.
It wasn't immediately clear what data from the previous survey, or from last year, showed for comparison. The results come from 400 merchants surveyed.
Groupon shares are down 7.4 percent in mid-day trading.
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