Groupon's 2022 Goals Are a Little Troubling
When it was created, Groupon (NASDAQ: GRPN) was an exciting early entrant in the online space, helping to connect local businesses to new customers. But the company has struggled to find its way.
Now, looking to get back to its roots, management's goals for 2022 suggest there's still a lot for the company to learn.
A little over a decade ago, Groupon held its initial public offering (IPO), debuting at $20 per share. The stock currently trades at around $19 per share. That sounds like a decade of sideways motion, but the company held a one-for-20 reverse split in mid-2020. When you account for that split, the stock is down 95% from its IPO price over 10 years ago.
Source Fool.com
