Groupon profits fall in fourth quarter

Filed under: AM Roundup |

Groupon, the largest of the online coupon companies, saw its stock fall 16 percent yesterday after it reported a profit loss in the fourth quarter, reports Bloomberg.

The losses were related to a tax issue, and Groupon reported a loss of 2 cents a share, down from the 53 cents a share loss a year earlier.

Groupon has expanded to 47 countries and moved its headquarters to Switzerland.

Read more at Bloomberg.