Groupon now worth just $12 billion (previously $30 billion, so now get 60% savings!)

From the New York Times:

Groupon, the daily deal site, is considering an offering valued at close to $12 billion as it prepares for an investor road show next week, according to two people with knowledge of the situation.

That’s about 60% lower than the $30 billion number Groupon’s bankers were throwing around earlier this summer.