May be not (then why are we discussing it on HN?). Not sure what you definition of a tech company is, I was comparing it to nextflix and the likes. Also i got this from WSJ, "33% of the 4th quarter US IPOs are trading below their offer prices." . So why is GRPN being singled out when all the stocks are taking heavy beating.

Groupon is not a tech company, it's a marketing & sales company. But they're worth discussing because they started as a technology company, a scrappy startup with a fun story.