In spring 2011, Groupon Inc. was said to be worth as much as $25 billion — an amazing valuation for a company that still isn't 4 years old. Today, the daily deals pioneer is no longer the same tech darling. Groupon has kept growing, but an onslaught of criticism about its business model has come at a real price. The Chicago company that was worth $13 billion when it went public in November now has a market capitalization of $3 billion. Groupon's stock is down nearly 80% year to date. From Chief Executive Andrew Mason's point of view, the company he built from scratch is flying high and is just starting to realize its vision of bringing local commerce online. "We're growing 45% year...
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