Poor Groupon. Ever since its IPO there has been nothing but difficult news. The most difficult is that the current stock price is languishing about 80% off its IPO price.
Now add yet another competitor in the increasingly crowded deals space and you wonder what else can get in the way of Groupon being what it claimed it would be.
The latest entrant is none other than eBay as reported by Reuters
EBay Inc has been quietly testing an online marketplace for deals on local services, expanding into a multibillion- dollar market currently led by Groupon Inc.
EBay is also re-designing its website, adding Facebook-like features it hopes will spur more sales.