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Groupon Testing Credit Card Reader In SF Bay Area -Bloomberg

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05/26/2012 | 01:04am CEST

Groupon Inc. (>> Groupon Inc) is testing a credit card reader for retailers that plugs into smartphones, Bloomberg News reported Friday, citing a person with knowledge of the matter.

The device is produced by Infinite Peripherals Inc. and is being tested at dozens of locations in the San Francisco Bay Area, the person told Bloomberg.

On Thursday, the VentureBeat blog, citing a forwarded email, said Groupon was testing a card reader.

Bloomberg reported that a Groupon spokesman didn't specifically comment on a credit card reader test. The spokesman said "Groupon has a number of trials in markets that are designed to help merchants and small businesses."

Full story at http://www.bloomberg.com/news/2012-05-25/groupon-said-to-test-credit-card-reader-rivaling-ebay-s-paypal.html and http://venturebeat.com/2012/05/24/groupon-is-testing-a-payments-offering-to-compete-with-square-and-paypal/

-Dow Jones Newswires; 212-416-2900

Stocks mentioned in the article : Groupon Inc
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Financials ($)
Sales 2017 2 859 M
EBIT 2017 75,4 M
Net income 2017 -36,2 M
Finance 2017 581 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018 313,29
EV / Sales 2017 0,76x
EV / Sales 2018 0,70x
Capitalization 2 752 M
Chart GROUPON INC
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Groupon Inc Technical Analysis Chart | GRPN | US3994731079 | 4-Traders
Technical analysis trends GROUPON INC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 18
Average target price 4,60 $
Spread / Average Target -7,1%
EPS Revisions
Managers
NameTitle
Richard Williams Chief Executive Officer & Director
Eric Paul Lefkofsky Chairman
Michael O. Randolfi Chief Financial Officer
Peter J. Barris Independent Director
Bradley A. Keywell Independent Director
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