Shares of Groupon Inc. dropped more than 1% in aftermarket Wednesday after the deals and coupons company said it was “facing serious challenges” to remain...
Shares of Groupon Inc.
dropped more than 1% in aftermarket Wednesday after the deals and coupons company said it was “facing serious challenges” to remain afloat and offered mixed quarterly results. The company also kept a going-concern warning in a filing and the mention that it continues to evaluate “several different strategies” to improve liquidity. Groupon embarked on a restructuring plan in January and got a new chief executive in March.
dropped more than 1% in aftermarket Wednesday after the deals and coupons company said it was “facing serious challenges” to remain afloat and offered mixed quarterly results. The company also kept a going-concern warning in a filing and the mention that it continues to evaluate “several different strategies” to improve liquidity. Groupon embarked on a restructuring plan in January and got a new chief executive in March.
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