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Peruse Barchart’s Top 100 Stocks to Buy and you’ll come across the usual suspects, names like Super Micro Computer (SMCI), Carvana (CVNA) and MicroStrategy (MSTR). However, one name that has really caught speculators’ attention is discount deals marketplace Groupon (GRPN).
Prior to the rise of social media, Groupon appeared to be on top of the world. However, with various online networks gaining prominence, businesses enjoyed a direct means to reach out to their core customers. As a result, marketplaces like Groupon became far less relevant. In the past five years, GRPN stock lost more than 72% of equity value.
