Technology News Alert: Groupon shares soar nearly 50 percent in public market debut

Friday, November 4, 2011

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The Washington PostFriday, November 4, 2011 11:27:31 AM
TECHNOLOGY NEWS ALERT

Groupon shares soar nearly 50 percent in public market debut


Groupon, the company that pioneered online group discounts, saw its stock soar nearly 50 percent in its public debut Friday, showing strong demand for an Internet company whose business model is considered unsustainable by some analysts.

Groupon's stock jumped $9.52 to $29.52 in late morning Friday after trading began at about 10:45 a.m.


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