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Since the stock exchange has come back online following the superstorm in the Northeast, Grouponís stock has fallen a catastrophic 13 percent to hit a new all-time low.Groupon Shares Hit a New Low [allthingsd.com]
While Sandy certainly had an impact on Groupon, itís not enough to justify todayís dip in its stock. Groupon has very much become a global company, and even a densely populated area like New York represents a relatively small portion of its overall business. Todayís drop has more to do with the companyís overall business, and is a reflection of the past year.