What happened Shares of Groupon (NASDAQ: GRPN) were down 6.9% at 12:20 p.m. EDT on Tuesday, after Ascendiant Capital Markets cut its price target on the stock from $70 to $40. GRPN data by YCharts So what It's been a bad couple of weeks for Groupon. On Aug. 5, the company reported disappointing earnings results, with sales falling 33% in the recent quarter. There was also troubling news in the U.K., where the Competition and Market Authority called on Groupon to make changes to how it treats its customers. The CMA has been investigating the company for possible violations to consumer protection law in the U.K. since April 2021. On Monday, a third blow came with news that the Pomerantz law firm was investigating whether certain officers and/or directors of the company engaged in "securities fraud or other unlawful business practices," according to a release from PR Newswire. Image source: Getty Images. Now what Even if we ignore the legal issues and focus on Groupon's business performance, Groupon is not a stock that investors should expect to profit from. Sales are down 44%, 29%, and 33% over the last three quarters, which shows a business struggling to hang on to customers. Investors should avoid Groupon for now. There are better stocks to consider for long-term investment. 10 stocks we like better than GrouponWhen our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Groupon wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of August 9, 2021 John Ballard has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source