Groupon shares drop below $20 IPO price

The Groupon logo is displayed in the lobby of the company's international headquarters in Chicago, Ill.

And this final note from the desk of "hello this is 1998 calling."

Groupon went public not even a month ago. You know them, the big daily deal site where you can get coupons for everything from surfing lessons to cupcakes.

Their stock debuted at $20 a share and went as high as $31 on that first day.

Well Forbes points out that for the week Groupon is down 35 percent with a stock price hovering around $17 a share. Not the kind of discount investors were hoping for.

About the author

Tess Vigeland is the host of Marketplace Money, where she takes a deep dive into why we do what we do with our money.


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