posttrib
SWEET 
Weather Updates

Timeline of Groupon’s ups and downs

Updated: April 2, 2013 6:42AM



Good deals, bad deals

Feb. 28, 2013: Shares fall 24 percent, closing 77 percent below their IPO price. Company fires CEO Andrew Mason.

Feb. 27, 2013: Company announces wider fourth-quarter loss, weaker outlook.

Dec. 7, 2012: Shares soar on rumor Google might try again to take it over.

Nov. 28, 2012: Board meets, allegedly discusses removing Mason. CEO says ‘I’d consider firing myself.’

Nov. 20, 2012: Hedge fund Tiger Global buys 9.9 percent stake.

Nov. 14, 2012: Groupon promotes sales exec Kal Raman to COO; raises speculation he could replace Mason.

Nov. 9, 2012: Stock drops to low closing price of $2.76 on analyst downgrades.

March 30, 2012: Company revises its fourth-quarter 2011 earnings — its first report as a public company — and says it is having trouble with financial controls.

Nov. 4, 2011: Shares rise more than 30 percent in their first day of trading, closing at $26.11 after earlier trading as high at $31.14.

Nov. 3, 2011: Groupon IPO priced at $20 a share.

Sept. 23, 2011: Groupon restates 2010 revenue to less than half what it reported, ahead of IPO.

June 2, 2011: Groupon files for $750 million IPO. Forbes describes company as fastest-growing ever.

Dec. 3, 2010: Owners reject reported $6 billion buyout offer by Google.



© 2014 Sun-Times Media, LLC. All rights reserved. This material may not be copied or distributed without permission. For more information about reprints and permissions, visit www.suntimesreprints.com. To order a reprint of this article, click here.