Groupon's First Week on NASDAQ: Down 7%

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After all the hullabaloo last week when Groupon debuted on NASDAQ, this week hasn't seen any big Groupon news. Instead, the company's scribbled down to a low on Wednesday of 23.61 and then bounced back a bit to end the week at 24.25, down from its open at 28.

Here's the chart:

groupon_615.jpg

At the current share price, the company has a market value of more than $15 billion, greater than Delta and United Continental Airlines combined. That said, Groupon is among the top ten companies people are betting against; 5.5 percent of the company's shares are held by short sellers.
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Alexis C. Madrigal

Alexis Madrigal is the deputy editor of TheAtlantic.com. He's the author of Powering the Dream: The History and Promise of Green Technology. More

The New York Observer has called Madrigal "for all intents and purposes, the perfect modern reporter." He co-founded Longshot magazine, a high-speed media experiment that garnered attention from The New York Times, The Wall Street Journal, and the BBC. While at Wired.com, he built Wired Science into one of the most popular blogs in the world. The site was nominated for best magazine blog by the MPA and best science website in the 2009 Webby Awards. He also co-founded Haiti ReWired, a groundbreaking community dedicated to the discussion of technology, infrastructure, and the future of Haiti.

He's spoken at Stanford, CalTech, Berkeley, SXSW, E3, and the National Renewable Energy Laboratory, and his writing was anthologized in Best Technology Writing 2010 (Yale University Press).

Madrigal is a visiting scholar at the University of California at Berkeley's Office for the History of Science and Technology. Born in Mexico City, he grew up in the exurbs north of Portland, Oregon, and now lives in Oakland.

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