Published on 14th August 2012
Groupon Inc.'s shares sank to new lows Tuesday as the company's results fueled investor concerns about the onetime Web commerce star. The Chicago-based daily-deals pioneer Monday reported its first-ever quarterly profit as a public company, on revenue that increased 45% from the year-earlier period. But gains in the second quarter were driven by Groupon Goods, a relatively new, low-margin business of selling merchandise such as jewelry or kitchen appliances. [The Wall Street Journal]