Shares of Groupon were down about 14 percent midday Thursday, a day after the company revealed that it failed to turn a profit in its first quarter as a publicly traded company. The daily coupon site saw a revenue increase of 194 percent to $506 million during its first fiscal quarter, but it still had a net loss of $42.7 million, or about 8 cents per share. Groupon numbers dipped thanks to a high overseas tax rate, global expansion and an increase in competition. However, the overall loss was still worse news than many Wall Street analysts had expected.  Read More →

Read More at E-Commerce Times