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Groupon stock slumps despite revenue gain

Groupon isn’t the only one coping with weak sales of daily deals: LivingSocial’s revenue fell 40 percent.AP Images for Groupon

Groupon Inc. ended the regular session up a bit, 0.7 percent. But that was before the daily deals company posted quarterly results. In after-hours trading, the stock was down 17 percent at 8 p.m. The company’s 24 percent revenue increase to $608.7 million was offset by a jump in spending aimed at making the daily-deals website an e-commerce player. Groupon lost $22.9 million, versus a $7.6 million loss a year earlier. The stock already was down 22 percent in a year before it started sliding after hours Tuesday.