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	<title>Business &#38; MoneyCategory: Groupon &#124; Business &#38; Money &#124; TIME.com</title>
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		<title>Business &#38; MoneyCategory: Groupon &#124; Business &#38; Money &#124; TIME.com</title>
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		<title>Groupon Fires CEO Andrew Mason: The Rise and Fall of Tech&#8217;s Enfant Terrible</title>
		<link>http://business.time.com/2013/03/01/groupon-fires-ceo-andrew-mason-the-rise-and-fall-of-techs-enfant-terrible/</link>
		<comments>http://business.time.com/2013/03/01/groupon-fires-ceo-andrew-mason-the-rise-and-fall-of-techs-enfant-terrible/#comments</comments>
		<pubDate>Fri, 01 Mar 2013 13:00:18 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Future of Retail]]></category>
		<category><![CDATA[Groupon]]></category>
		<category><![CDATA[Management & Leadership]]></category>
		<category><![CDATA[Retail]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Wall Street & Markets]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=73411</guid>
		<description><![CDATA[It was only a matter of time. Groupon fired its charismatic CEO Andrew Mason on Thursday after a tumultuous tenure pockmarked by accounting gaffes, sophomoric stunts and a whopping 77% decline in the company&#8217;s share price. Mason&#8217;s firing, which was expected, came one day after Groupon delivered a net loss of $81 million for the previous quarter, sending its stock price down a vertigo-inducing 24% in one day. &#8220;I was fired today,&#8221; Mason wrote in a letter to employees. &#8220;If you&#8217;re wondering why &#8230; you haven&#8217;t been paying attention.&#8221; He cited the company&#8217;s controversial accounting techniques, its failure to meet its own financial projections, and its deep and dramatic stock decline. &#8220;The events of the last year and a half speak for themselves,&#8221; Mason wrote. &#8220;As CEO, I am accountable.&#8221; Mason, 32, who is worth more than $200 million, wrote that he is &#8220;O.K. with having failed at this part of the journey,&#8221; and compared Groupon to the 1990s-era video game Battletoads, writing, &#8220;It would be like I made it all the way to the Terra Tubes without dying on my first ever play through.&#8221; (See this explanation of that reference.) Mason then went on to say that he is &#8220;looking for a good fat camp to lose my Groupon 40, if anyone has a suggestion.&#8221; (MORE: The Social-Media-Tech IPO Boom: An Insider’s Game?) Groupon&#8217;s board statement was more conservative. &#8220;On behalf of the entire Groupon board, I want to thank Andrew for his leadership, his creativity and his deep loyalty to Groupon,&#8221; said Groupon executive chairman Eric Lefkofsky, who has been appointed to the newly created office of the chief executive, along with vice chairman and veteran tech entrepreneur Ted Leonsis. Groupon&#8217;s board had weighed showing Mason the door since late last year. Mason&#8217;s firing pushed Groupon shares 4% higher, but it by no means solves the company&#8217;s problems, even if it removes a source of investor concern. &#8220;Mason&#8217;s departure is largely symbolic,&#8221; wrote Rakesh Agrawal, a tech consultant and prominent Groupon critic who is short the company&#8217;s stock. &#8220;[The] company has huge structural challenges that his ouster<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=73411&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2013/03/01/groupon-fires-ceo-andrew-mason-the-rise-and-fall-of-techs-enfant-terrible/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Technology &amp; Media</primary_category><primary_category_link>http://business.time.com/category/technology-media/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/03/131401263.jpg?w=240</featured_image>
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			<media:title type="html">Andrew Mason, chief executive officer of Groupon Inc., center, speaks at the Nasdaq MarketSite in New York on Nov. 4, 2011.</media:title>
		</media:content>

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			<media:title type="html">shgustin</media:title>
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		<item>
		<title>What&#8217;s Getting Cheaper – and What You&#8217;ll Pay More for – in 2013</title>
		<link>http://business.time.com/2013/01/04/whats-getting-cheaper-and-what-youll-pay-more-for-in-2013/</link>
		<comments>http://business.time.com/2013/01/04/whats-getting-cheaper-and-what-youll-pay-more-for-in-2013/#comments</comments>
		<pubDate>Fri, 04 Jan 2013 17:17:06 +0000</pubDate>
		<dc:creator>Brad Tuttle</dc:creator>
				<category><![CDATA[Apple]]></category>
		<category><![CDATA[Autos]]></category>
		<category><![CDATA[Budgeting]]></category>
		<category><![CDATA[Companies & Industries]]></category>
		<category><![CDATA[Economics & Policy]]></category>
		<category><![CDATA[Energy]]></category>
		<category><![CDATA[Food and Beverage Industry]]></category>
		<category><![CDATA[Groupon]]></category>
		<category><![CDATA[Health Care]]></category>
		<category><![CDATA[Health Insurance]]></category>
		<category><![CDATA[Publishing]]></category>
		<category><![CDATA[Retail]]></category>
		<category><![CDATA[Saving]]></category>
		<category><![CDATA[Saving & Spending]]></category>
		<category><![CDATA[Smart Spending]]></category>
		<category><![CDATA[Tax Policy]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Transportation]]></category>
		<category><![CDATA[bacon]]></category>
		<category><![CDATA[dairy]]></category>
		<category><![CDATA[ebooks]]></category>
		<category><![CDATA[electronics]]></category>
		<category><![CDATA[gas prices]]></category>
		<category><![CDATA[gasoline]]></category>
		<category><![CDATA[meat]]></category>
		<category><![CDATA[milk]]></category>
		<category><![CDATA[MSRP]]></category>
		<category><![CDATA[new cars]]></category>
		<category><![CDATA[public transportation]]></category>
		<category><![CDATA[steak]]></category>
		<category><![CDATA[TVs]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=65882</guid>
		<description><![CDATA[It&#8217;s the time of year when lists are made forecasting the rise and fall of household expenses, big and small. Accordingly, it may also be time to tweak the family budget. The top ten list from CNN Money of things that&#8217;ll cost more this year is dominated by everyday expenses, including meat (specifically steak, hamburger, and bacon), which is projected to increase in price by 3% to 4%, and dairy (milk, cheese, eggs), which could be 4.5% more expensive in the near future. Things could be a lot worse. During occasional freakouts over the past year, consumers were warned that there would be an &#8220;unavoidable bacon shortage&#8221; in 2013, and that dairy prices could double if Congress failed to pass a new farm bill. By comparison, a price hike that&#8217;s only slightly higher than inflation seems like a deal. Other items in the roundup include satellite TV (reflecting rising programming costs), new cars (base prices are rising—and the average price paid per car has never been higher), and pro baseball tickets (no one should expect them to be cheap to begin with), as well as mail (stamps are going up by 1¢) and public transportation in big cities like Chicago and New York. Mind you, those latter two expenses are still relatively cheap in the grand scheme of things, even after a price hike. (MORE: Top Money Resolutions for 2013) Then there are a couple of price increases that are truly painful—taxes and health care—in that they&#8217;re expenses that generally can&#8217;t be avoided, and that most people think that that they&#8217;re already too burdensome to begin with. Most workers will see their paychecks shrink by 2% in 2013, and health care premiums are projected to rise 6.3% this year. Together, they&#8217;ll make the average worker roughly $1,500 poorer in 2013. In a dealnews post featuring 12 things that&#8217;ll be more expensive in 2013, there is plenty of overlap with the CNN Money list. Health care, cars, and various groceries are on both lists. The dealnews roundup also highlights college tuition<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=65882&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2013/01/04/whats-getting-cheaper-and-what-youll-pay-more-for-in-2013/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Budgeting</primary_category><primary_category_link>http://business.time.com/category/saving-spending/budgeting-saving-spending/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/01/872252-001-e1357319620153.jpg?w=240</featured_image>
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			<media:title type="html">fortune teller looking at crystal ball</media:title>
		</media:content>

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			<media:title type="html">bradtuttle</media:title>
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	</item>
		<item>
		<title>Is the Daily Deal Model Dying a Slow Death?</title>
		<link>http://business.time.com/2012/11/16/is-the-daily-deal-model-dying-a-slow-death/</link>
		<comments>http://business.time.com/2012/11/16/is-the-daily-deal-model-dying-a-slow-death/#comments</comments>
		<pubDate>Fri, 16 Nov 2012 13:00:56 +0000</pubDate>
		<dc:creator>Brad Tuttle</dc:creator>
				<category><![CDATA[Companies & Industries]]></category>
		<category><![CDATA[Groupon]]></category>
		<category><![CDATA[Retail]]></category>
		<category><![CDATA[Saving]]></category>
		<category><![CDATA[Saving & Spending]]></category>
		<category><![CDATA[Small Business]]></category>
		<category><![CDATA[Smart Spending]]></category>
		<category><![CDATA[Christmas]]></category>
		<category><![CDATA[daily deals]]></category>
		<category><![CDATA[holiday shopping]]></category>
		<category><![CDATA[LivingSocial]]></category>
		<category><![CDATA[McDonalds]]></category>
		<category><![CDATA[OfficeMax]]></category>
		<category><![CDATA[online shopping]]></category>
		<category><![CDATA[restaurants]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=61266</guid>
		<description><![CDATA[As we enter the most deal-crazed time of year, daily deals sites such as Groupon and LivingSocial try to adapt to the changing marketplace — while facing the possibility that the original coupon model may one day soon be viewed as an odd, short-lived fad. The backlash against the once ultra-hot daily deal market began in force last year, with consumers and businesses both citing &#8220;Groupon remorse&#8221;—the catchphrase for the feeling that, in retrospect, the decision to purchase (or run) a daily deal was unwise. One year after Groupon&#8217;s IPO, its stock price is down more than 80%. Groupon&#8217;s main competitor, LivingSocial, has also been recording substantial losses. More and more, it seems, the selling of $10-off coupons for restaurant meals, manicures, and maid service hardly comes across as a feasible business model. The holiday period, when shoppers are primed to bite on bargains, should be a heyday for daily deal sites. What role, then, might daily deals play during the frenzied holiday shopping season? The consensus seems to be: not much of a role at all. In a survey conducted for the listing service Manta, 82% of small businesses said that they &#8220;have not, and will not, run promotions with Groupon or other &#8216;daily deal&#8217; sites this year.&#8221; (MORE: The Hottest Section of the Department Store May Be Online) Reuters cited data indicating that the daily deal model, in fact, is likely to face strong headwinds for years: A Raymond James survey of roughly 115 merchants that used daily deals services during the fall found that 39 percent of merchants said they were not likely to run another Groupon promotion over the next couple of years. The top reasons cited were high commission rate and low rate of repeat customers gained through offering a promotion. The survey also found that 32 percent of the merchants reported losing money on the promotions, and nearly 40 percent said the Groupon offer was less effective than other types of marketing. A recent Bloomberg Businessweek featured an online retailer called GreenCupboards as an<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=61266&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/11/16/is-the-daily-deal-model-dying-a-slow-death/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Groupon</primary_category><primary_category_link>http://business.time.com/category/groupon/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/04/600_ml_groupon_04301.jpg?w=240</featured_image>
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			<media:title type="html">Groupon</media:title>
		</media:content>

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			<media:title type="html">bradtuttle</media:title>
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	</item>
		<item>
		<title>Groupon Plunges 20% on Weak Deal Growth</title>
		<link>http://business.time.com/2012/08/14/groupon-crushed-discount-site-plunges-20-as-sales-slow/</link>
		<comments>http://business.time.com/2012/08/14/groupon-crushed-discount-site-plunges-20-as-sales-slow/#comments</comments>
		<pubDate>Tue, 14 Aug 2012 12:55:58 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Groupon]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Andrew Lefkofsky]]></category>
		<category><![CDATA[Andrew Mason]]></category>
		<category><![CDATA[facebook]]></category>
		<category><![CDATA[IPO]]></category>
		<category><![CDATA[Mark Pincus]]></category>
		<category><![CDATA[Mark Zuckerberg]]></category>
		<category><![CDATA[muppets]]></category>
		<category><![CDATA[Zynga]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=46471</guid>
		<description><![CDATA[Chicago-based daily-deals website Groupon saw its already-discounted stock price plunge by 20% after the company reported sales numbers that failed to impress Wall Street. Groupon, which sends out email discounts, is down a startling 71% from its IPO price less than a year ago. <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=46471&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>5</slash:comments>
	<primary_category>Technology &amp; Media</primary_category><primary_category_link>http://business.time.com/category/technology-media/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/08/131401270.jpg?w=240</featured_image>
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			<media:title type="html">Andrew Mason, CEO of Groupon</media:title>
		</media:content>

		<media:content url="http://0.gravatar.com/avatar/60187828ab0bda2734e1a17a173fabde?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">shgustin</media:title>
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	</item>
		<item>
		<title>The Social Media Tech IPO Boom: An Insider&#8217;s Game?</title>
		<link>http://business.time.com/2012/08/13/was-the-social-media-tech-ipo-boom-a-big-scam/</link>
		<comments>http://business.time.com/2012/08/13/was-the-social-media-tech-ipo-boom-a-big-scam/#comments</comments>
		<pubDate>Mon, 13 Aug 2012 12:00:56 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Facebook]]></category>
		<category><![CDATA[Groupon]]></category>
		<category><![CDATA[Muppets]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Andrew Lefkofsky]]></category>
		<category><![CDATA[Andrew Mason]]></category>
		<category><![CDATA[facebook]]></category>
		<category><![CDATA[IPO]]></category>
		<category><![CDATA[Mark Pincus]]></category>
		<category><![CDATA[Mark Zuckerberg]]></category>
		<category><![CDATA[Zynga]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=46289</guid>
		<description><![CDATA[Over the last year-and-a-half, several of the most prominent social media companies in the country have sold shares to investors in high-profile initial public offerings. Throughout the process, insiders at those companies, including venture capitalists, executives and early employees, were able to cash out to the tune of billions of dollars, in an epic financial windfall.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=46289&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>20</slash:comments>
	<primary_category>Muppets</primary_category><primary_category_link>http://business.time.com/category/wall-street-markets/muppets/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/06/6252-000312.jpg?w=240</featured_image>
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			<media:title type="html">Wall Street</media:title>
		</media:content>

		<media:content url="http://0.gravatar.com/avatar/60187828ab0bda2734e1a17a173fabde?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">shgustin</media:title>
		</media:content>
	</item>
		<item>
		<title>How Groupon Saved a Zoo – And Ruined a Waffle Restaurant</title>
		<link>http://business.time.com/2012/07/26/how-groupon-saved-a-zoo-and-ruined-a-waffle-restaurant/</link>
		<comments>http://business.time.com/2012/07/26/how-groupon-saved-a-zoo-and-ruined-a-waffle-restaurant/#comments</comments>
		<pubDate>Thu, 26 Jul 2012 15:51:51 +0000</pubDate>
		<dc:creator>Brad Tuttle</dc:creator>
				<category><![CDATA[Groupon]]></category>
		<category><![CDATA[Small Business]]></category>
		<category><![CDATA[Andrew Mason]]></category>
		<category><![CDATA[Back Alley Waffles]]></category>
		<category><![CDATA[daily deals]]></category>
		<category><![CDATA[food]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[restaurants]]></category>
		<category><![CDATA[zoo]]></category>
		<category><![CDATA[ZOOMARS]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=44702</guid>
		<description><![CDATA[Judging by the experiences of some small business owners, Groupon has tremendous make-or-break power. A daily deal from Groupon can turn a business around, in ways that are good or, possibly, deadly. This week, Groupon introduced a new version of Groupon Works, a &#8220;digital tour guide for merchants to learn how they can leverage the power of the Groupon brand.&#8221; Basically, it&#8217;s Groupon&#8217;s sales pitch, telling small businesses why it&#8217;s such a smart idea to work with Groupon. Bolstering Groupon&#8217;s spiel is a library of hundreds of video case studies—interviews with merchant owners that used Groupon, loved it, and recommend it highly. The success stories of Groupon-using spas, salons, breweries, SCUBA outfitters, bagel shops, seaplane tours, dance studios, and other businesses are featured, but perhaps the most touching, if a bit over-the-top experience is that of the ZOOMARS Petting Zoo. (MORE: Top 10 Fastest-Growing Retailers in America) &#8220;In times of challenge, which everyone is going through right now, Groupon is hope,&#8221; says Carolyn Franks, owner of the Orange County petting zoo, on the video. &#8220;Although that might sound a little hokey, I know firsthand, when I was going through a challenging time trying to save the zoo, Groupon was there, and it was easy.&#8221; &#8220;At the end of the day,&#8221; Franks says, &#8220;Groupon saved my zoo.&#8221; All together now: Awwwww. It&#8217;s almost like the story could be an adorable feel-good family movie, nearly as cute as the zoo&#8217;s pettable baby goats and ponies themselves. If small business owners aren&#8217;t moved by the idea of saving baby goats, perhaps they will respond to the numbers: Franks says that Groupon helped ZOOMARS increase its visitor count tenfold, from an average of 200 visitors weekly to 2,000 visitors after a Groupon promotion hit. Franks also says that visitors who found out about the zoo via Groupon turn into loyal customers: &#8220;They are back, 100%.&#8221; But it&#8217;s unclear if, and how, that information is tracked. A 100% return rate would be astounding, so it&#8217;s probably an exaggeration. (MORE: 9 Dumb Ways to Ruin a<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=44702&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/07/26/how-groupon-saved-a-zoo-and-ruined-a-waffle-restaurant/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
	<primary_category>Small Business</primary_category><primary_category_link>http://business.time.com/category/small-business/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/04/groupon.jpg?w=160</featured_image>
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			<media:title type="html">groupon</media:title>
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			<media:title type="html">bradtuttle</media:title>
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		<title>Groupon Faces SEC Probe, Investor Lawsuit as Stock Hits New Low</title>
		<link>http://business.time.com/2012/04/05/groupon-faces-sec-probe-investor-lawsuit-as-stock-hits-new-low/</link>
		<comments>http://business.time.com/2012/04/05/groupon-faces-sec-probe-investor-lawsuit-as-stock-hits-new-low/#comments</comments>
		<pubDate>Thu, 05 Apr 2012 10:45:28 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Groupon]]></category>
		<category><![CDATA[Andrew Mason]]></category>
		<category><![CDATA[Eric Lefkofsky]]></category>
		<category><![CDATA[sec]]></category>
		<category><![CDATA[shareholder lawsuit]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=33535</guid>
		<description><![CDATA[Groupon's headaches are growing more serious. Just days after an accounting snafu forced the discount website to reveal a greater-than-reported fourth-quarter loss, the company was slapped with a shareholder lawsuit accusing it of fraud and deception.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=33535&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/04/05/groupon-faces-sec-probe-investor-lawsuit-as-stock-hits-new-low/feed/</wfw:commentRss>
		<slash:comments>12</slash:comments>
	<primary_category>Groupon</primary_category><primary_category_link>http://business.time.com/category/groupon/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/04/groupon1.jpg?w=240</featured_image>
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			<media:title type="html">shgustin</media:title>
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