🔴 Groupon is trading 10% down today as indexes fall on inflation and rate concerns

Groupon is trading at $16.58, down 10.04%, as major indexes fell amid hotter inflation, interest-rate concerns and technology-sector selling.

• No clear company-specific catalyst was identified; a market search also reported no new catalysts for October 16.
• LivingSocial’s relaunch was announced October 15, but available reporting does not establish it as the cause of the October 16 decline.