Welcome to the big leagues, Groupon. Shareholders punished the stock in after-hours trading Wednesday after the daily deals site posted a surprise loss for its first quarter as a public company.
Groupon reported a net fourth-quarter loss of $42.7 million, or 8 cents a share, on sales of $506.5 million.
3 Things That Will Change After Facebook's IPO, and 2 Things That Won't
Conventional wisdom says that everything changes once a company goes public. Instead of helming your own ship, you now have to kowtow to the voracious Wall Street masters, ever hunting for bigger and better quarterly earnings. You have to play nice with the press, for fear of bad news leading to a short of your stock.
A Look Back at 2011 Web IPOs and Their Performance
Echoing the dot-com boom a decade ago, a wave of Internet companies with lots of buzz but shaky business models went public this year. Here's how they've held up.
IPO date: January 26
IPO price: $17
Now trading at: $8.06
Revenue for first 9 months of 2011: $240 million
Loss for first 9 months of 2011: $15 million
Research in Motion (NASDAQ: RIMM): Could a Turnaround Still Be in the Cards?
A once dominant player in the smartphone market, Research in Motion can't seem to catch a break these days with one set of bad news following the next. But despite all the bad press, some analysts still see hope for the company's investrors with the upcoming launch of a new line of phones in early 2012.
A solar power station in space measuring several kilometres in length may sound like something from a science fiction film, but the reality is that this idea could well be operational and supplying much of the worlds energy requirements within less than 20 years.
Space based solar power stations are not a new idea, in fact they have been researched since the 1970’s.