Groupon has been having a tough few months and well the issues continue with a poor earnings report for the second quarter. The stock hit a low of $5.95 a share after Groupon announced $568.3 million in revenue, when Wall Street expected $573.13 million. The company blamed European performance for much of this quarter?s troubles but had trouble convincing investors that it otherwise had a ?strong quarter.? Groupon is looking to rebound from this but there are no new strategies that have been announced to combat such a loss. They may have to change their model a bit to open the groupons up to other businesses. Like computer repair for example. We have tried to do something with Groupon and even Living Social. One of the biggest competitors for Groupon. Granted our service is the direct type of market they go after but keys be honest if you are trying to grow revenue streams you have to at least be open to something like using different businesses for groupons.
