Last year, daily-deal provider Groupon was one of the hottest names in the tech sphere. As it came public, investors cheered and bought heavily in initial trading. Fast-forward to this year, and the scene has turned 180 degrees for Groupon. Once valued at more than $13 billion, it has seen its shares steadily punished by the market, including after another disappointing quarterly earnings announcement. The market now says Groupon is worth nearly $4 billion -- quite the haircut indeed. Is this justified? Were its most recent numbers that bad? Watch the following video to find out.
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