technology news (Chao Hui) September 18th Beijing time news, according to foreign media reports, due to fears that the demand for merchant group purchase transactions, group purchase website Groupon shares on Monday fell $0.52, or nearly 10%, to close at $4.75.
Groupon Monday stock prices (Tencent technology plan)
investment company Raymond James on Monday released a survey of more than 100 Groupon partners to investigate the report shows that they have different attitudes towards cooperation with Groupon. The survey found that 16% of the partners to cooperate with Groupon very satisfied, said the 37% satisfaction". However, 1/3 of respondents and Groupon cooperation is not satisfied or very dissatisfied, and 39% of respondents said that in the next few years may not cooperate with Groupon.
since last year IPO (initial public offering), Groupon shares have shrunk by about 3/4. Groupon has been plagued by accounting problems, some investors and analysts worried that the demand for buying transactions in the landslide.
Market research firm
BIA/Kelsey, vice president of project manager Peter · krasilovsky (Peter Krasilovsky) said, "has experienced rapid growth this year, group purchase market is showing signs of maturity. Buy the market has been the existence of M & A transactions, transaction conversion rate may be affected, the market may be close to saturation."
investment firm Evercore Partners analyst Ken · Senna (Ken Sena) on Monday will be included in the company’s Groupon (conviction sell) list. Senna pointed out that, given the weak group buying market, Groupon may need to increase marketing investment. Senna Groupon stock rating for the "sell" (underweight), the target price set at $3.