Groupon sees how low its stock price can go (Answer: really low)
Skift Take
Flash sales and daily deals may just turn out to be less fun than everyone thought they'd be.
Groupon Inc. tumbled to a record low after Evercore Partners Inc. downgraded shares of the daily-deal website, citing a potential for billings to decline.
The shares retreated 5 percent to $4.75 at the close in New York, the lowest price since an initial public offering in November. The stock has lost 76 percent since the IPO.
The Chicago-based company makes money by selling discounts -- kno
