Groupon Impresses With a Profit Jump Despite Stagnating Revenue.
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The stock of Groupon (GRPN) is performing quite well with a 150% rise since the beginning of the year. Groupon operates a global e-commerce marketplace that connects local merchants and consumers. The company offers curated deals for local services, experiences, travel, and products. Groupon primarily earns through commissions on each service sold through its platform. With personalized "Things to Do" offers, it specifically targets younger audiences. In the second quarter, Groupon slightly exceeded expectations with a revenue of $125.7 million...
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