Shares of Groupon, the faded ecommerce superstar of years ago, are hitting new lows on Wednesday after the company said it would get out of the business of selling merchandise on its service. Instead Groupon will focus on offering “local experiences” such as events, food and drink and cars. Groupon’s stock fell 43% on the news, to around $1.72, giving the company a market capitalization of $982...
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