Untuk pengalaman yang lebih baik di Facebook, perbarui browser Anda. The peace of mind wasn’t enough to assuage wary traders, who plunged share prices down more than 10 p.c in after-hours trading on Wednesday — despite earnings and revenue that surpassed expectations and an upward 12 months-long pattern. Groupon also plans to shutter all but 15 of its 27 markets over the course of the following two years — the most recent in a string of layoffs and closures that have racked the company for months.\n\nThe sale comes as LivingSocial had been making an attempt to shift its business from day by day deals to different kinds of promotions, like credit card incentives at restaurants. Groupon has similarly tried to escape the decaying market for day by day deals with varied efforts, including a food delivery service.\n\nBack in their burgeoning heyday, traders considered the two firms’ discount-matching model as a promising sales driver for local businesses. A cocksure Groupon even turned down a $6-billion buyout from Google as it eyed an initial public offering in 2010. But the hype was largely just that; it turned out lots of the deals each company supplied seemed too good to be true precisely as a result of they actually had been.\n\nGroupon to buy LivingSocial, stories another loss Four years ago this deal would have broken media Twitter. Groupon buys Residing social for affordable but has to tip on full amount, gets clearly worse therapy but glass of free prosecco. Prospects had been also shedding interest in the presents emailed day by day to their inboxes.\n\nGroupon just isn’t an internet advertising business so much as it is the equivalent of a loan sharking business,” he wrote during both firms’ prime in 2011. LivingSocial was a casualty of this mentality; fueled by outsized buzz and expectations, the floor of its business model came free before it may reach the astronomical numbers needed to keep up a viable business.