Business

Market Movers

Groupon tumbles on slowdown fears

Groupon, its website says, offers “deals on the best stuff to eat, see, do, and buy in 48 countries.”

Groupon Inc. via AP Images

Groupon, its website says, offers “deals on the best stuff to eat, see, do, and buy in 48 countries.”

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Groupon Inc., the Chicago-based online daily deals company, tumbled nearly 7 percent. The company has exceeded estimates for the past three quarters. But a slowdown in Groupon’s domestic business worsened last month from August, Steve Weinstein, an analyst at ITG Investment Research, wrote in a note to clients. Groupon reports its third-quarter 2013 financial results on Nov. 7.

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