Groupon hammered after fresh losses | Bangkok Post: news

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Groupon hammered after fresh losses

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Groupon shares took a nosedive Wednesday after the online deals giant surprised markets by reporting fresh losses in the past quarter and a weaker-than-expected outlook. 

The Groupon logo is displayed in the lobby of the company's international headquarters on June 10, 2011 in Chicago, Illinois. Groupon shares took a nosedive Wednesday after the online deals giant surprised markets by reporting fresh losses in the past quarter and a weaker-than-expected outlook.

Shares plunged 24 percent to $4.53 in after-hours trade after the Chicago-based firm reported a loss of $81 million in the fourth quarter, and a $67 million dollar deficit for the full year.

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