Groupon's Apple Pay Play Could Foster 2014 Share Rebound
Shares of Groupon are down more than 40 percent and investors now are all of a sudden reminded of the company's disastrous post-IPO performance in 2011.
Groupon has been all off in 2014: The stock is down more than 40 percent and investors now are all of a sudden reminded of the company's disastrous post-IPO performance in 2011, thanks to its tumble. However, the tide could be turning for Groupon, today's Chart of the Day: analysts have downgraded and reduced expectations on the stock, and if the company successfully hits targets this year, that, and its partnership with Apple's next iPhone and the Apple Pay feature, could catapult the company back into the spotlight, just in time. Otherwise, failure could mean Groupon heads to LivingSocial territory. TheStreet's Jonathan Marino reports from the Nasdaq Marketsite in New York.
