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Groupon: The one-hit wonder you don't want to be

from By Jessica Taylor

If you haven't heard the latest business news, Groupon is laying off approximately 1,100 employees in customer service and international sales. But that's not all. The company recently exited operations in Greece and Turkey, and will be doing the same in six more countries. Groupon CEO Rich Williams insists the changes are strictly due to restructuring for efficiency and "we are stronger than ever." Though that may be the case, it's clear that Groupon's business model had some issues. more

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