I believe Google is shorting the stock and will ultimately try to purchase Grouon again. This method was used with another stock I owned On2 technologies and they destroyed the share price
There is more than one factor contributing to this decline. A competitor trying to gain market shares is only one of them. Someone could well be trying to buy this company. Shorts are trying to cover at lower prices. Insiders want to take the company private. Some investors are trying to get a lower entry point. I doubt that any of them are trying to protect the world against Groupon or consumers from getting 50 percent discounts on their purchase of goods and services. Only a fool would believe this assumption.
Very misleading and SHADY to use the word "dumping!"
Bloomberg is OBVIOUSLY being paid by shorts.
Where's the SEC when you need them.
Oh yeah, they're too busy watching porno.
Sentiment: Strong Buy
Most investors are figuring out what Bloomberg is doing here. They can see that something is not right with those articles. They are associated with professional people who bet against this stock. Most people can see from the recent financial reports that this whole thing made no sense. The company reached a projected break-even point and profit for Q2E. The success model depends on its ability to reduce operating expenses ( marketing expense included) from here on out. This is being negated by Sena and Bloomberg with a negative public relation's campaign against the company. Only people who bet against this company stand to benefit from this. Consumers are not complaining about getting a 50 percent discount on goods and services.
If Bloomberg did one positive story to inform consumers that they can get 50 percent discounts on goods and services by purchasing to Groupons, gross billings would likely go up. They don't want to give the company this type of positive marketing unless it pays for it. Sena also suggested Groupon reduce its discounts to give more to merchants. It does not sound like he is liking out for consumers to me. According to his model, we all should pay more for goods and services. I doubt he is looking for any investors or consumers except short sellers and himself.
Bloomberg is just an issue out of nothing at all. I guess Gates and his wife transferring funds or stocks to their charitable foundation is also a bad thing. Corporate officers do this sometime to offset their their income for tax reasons. Bloomberg/Businessweek have been producing these negative spin stories for awhile now. The company could not get better advertising for free.