Groupon Inc (NASDAQ:GRPN) shares are declining


Dallas, Texas 08/22/2013 (Financialstrend) – In the last trading session, the shares of Groupon Inc (NASDAQ:GRPN) were found to decline by 0.11% to hit the price of $ 9.49. For the day, the stock of Groupon Inc was trading in the range between $ 9.37 and $ 9.64. More recently, Groupon Inc made an announcement regarding the launch of Groupon Partner Network. This partner network would prove to be the first proprietary marketing platform in the local e-commerce affiliates. This is a marketing platform that would help the online publishers to monetize their presence in the internet in a more effective way. This monetizing would be possible through the promotion deals that are being offered by Groupon Inc.

The Groupon Partner Network would provide the distribution of the most relevant deals from Groupon across the websites and applications of the partners thereby providing an expansion to the visibility and distribution of Groupon deals that are offered by the merchants and many other drive purchases. It was reported that the Groupon Partner Network is being loaded with the wide range of tools for providing the publishing and re-targeting the customers to the Groupon deals. The merchant partners who are making use of the Groupon Partner Network would be having an access to many of the features like real time reports and link creation wizards. These would help in tracking the performance of merchant partners and also for obtaining the gross higher commissions over their deals. This Partner Network is anticipated for generating higher sales deals for Groupon Inc.

During the earlier trading session of this week, the shares of Groupon Inc (NASDAQ:GRPN) were moved down and presented a loss of 1.14% and closed the session at the price of $ 9.50 for each share. During the session, total number of 15.90 million shares was traded while the average trading volume of the company’s stock remaining as 16.97 million shares for each day.