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Groupon Stock Slumps

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Automatic TRANSCRIPT

On the markets groupon stock tumbled twenty four percent in late trading Tuesday after the coupon APP said it's getting out of the retail business and focusing more on offering experiences here to explain. Why is our Quentin web? Well groupon positions this as a transformational move effectively. It's trying to focus in on what it thinks is its core business which is local experiences and it complains that the sort of e commerce market is very saturated in competitive. So it's not really an area where it can kind of be a strong competitor. It looks like though investors are taking this pretty badly in the stock fell almost a quarter. Roughly a quarter in after hours trading on Tuesday groupon has struggled fears affect screen is worth a fraction of what it was when it first went public In twenty eleven and this latest sort of strategic shift doesn't seem to be well received the Wall Street Journal's Quinton Web and here's what else were watching today the Federal Reserve releases minutes from its January. Twenty Eighth Twenty Ninth Policy Meeting. They could help explain how the Fed is thinking about potential. Economic risks including those stemming from the corona virus will get government reports on new home construction and producer prices. Both from the month of January