Shares of Facebook Inc (NASDAQ:FB) game developer Zynga Inc (NASDAQ: ZNGA) and daily deals web site Groupon Inc (NASDAQ: GRPN) have soared following reports of activist hedge fund Jana Partners revealing small stakes in the companies. The hedge fund, run by Barry Rosenstein, said in a 13F filing that it holds slightly above 3 percent of the outstanding shares in both companies. This news obviously had a positive impact on the stocks and lifted them...
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Eric Lefkofsky and Ted Leonisis, the interim chief executive officers of Groupon Inc (NASDAQ:GRPN) indicated that the company is unlikely to appoint a permanent CEO until next year. According to the interim CEOs, the daily-deals company is in the process of finding the right executive to assume the position permanently, and it is not in a hurry to hire a new leader. “We are not in a rush. We are just starting the process....
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Last week, Andrew Mason confirmed that he was fired from his post as CEO of Groupon Inc (NASDAQ:GRPN) after four challenging years. In his resignation letter, Mason admitted the mistakes he committed while leading the company. He also hoped that his resignation would help the company recover. The stock price of the Groupon Inc (NASDAQ:GRPN) is up by 2.55 percent to $5.23 per share, as of this writing. Groupon Inc (NASDAQ:GRPN) is currently searching for a new CEO. ...
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Groupon Inc (NASDAQ:GRPN) CEO out: After market close Thursday, Groupon announced that it has replaced Andrew Mason as CEO with Executive Chairman Eric Lefkofsky and Vice Chairman Ted Leonsis. Mr. Lefkofsky and Mr. Leonsis will serve as CEOs on an interim basis as the company searches for a new CEO. Not a big surprise: After Wednesday’s poor Q4 earnings report and outlook, many had suspected that Mr. Mason was likely facing increased scrutiny. This followed...
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Following another disappointing earnings report, after the close Groupon Inc (NASDAQ:GRPN) announced that the company’s founder and CEO, Andrew Mason, is being replaced on an interim basis by Executive Chairman Eric Lefkofsky and Vice Chairman Ted Leonsis in a newly created Office of the Chief Executive and that its board of directors has initiated a search for a new CEO. Shares were up close to double digits in after hours trading on Thursday as a result...
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Groupon Inc (NASDAQ:GRPN) surprised investors Wednesday by posting a fourth quarter loss of $81 million or 12 cents per share when analysts were expecting 3 cents in earnings on a revenue of $639.8 million. Now the company executives are busy finding excuses to soothe investors. On one side, Groupon Inc (NASDAQ:GRPN) chief financial officer told Reuters that the daily deals company has started sharing more revenues with merchants. When Groupon first started, it took 40...
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Groupon Inc (NASDAQ:GRPN) CEO, Andrew Mason, has just unleashed a Twitter rant about mayonnaise. That’s right. Mayonnaise. After almost losing his job late last year, Mason has mostly kept his head down lately—after since threatening to fire himself in November. But of all the things to rant about. Mayonnaise? He warns his Twitter followers up front that he’s about to do his first “multipart Twitter rant.” He even said he realized that he might regret...
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The share price of Groupon Inc (NASDAQ:GRPN) has surged to almost double its figure before a record low in the middle of November last year. The market capitalization of the company is marching towards the $3.5 billion mark. The company has witnessed tsunami type tides in its share prices, the 53 week high of $25.84 and a 52 week low of $2.63. The daily deal business forerunner lost 90 percent of its market capitalization...
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The success or failure of any company/organization depends on its leadership, particularly the chief executive officer (CEO), who is responsible in the over-all management of the company. The character, decision-making, and management strategies of a CEO reveals his capability in achieving the goals of the company. We mentioned many these traits in our article, Best CEOs of 2012. The year 2012 was an undoubtedly challenging one for many CEOs, due to the instability of the...
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Groupon Inc (NASDAQ:GRPN) has not been performing well since its IPO last year. The company has seen its revenue fall and its business model questioned by just about everyone. Reuters’ Robert Cyran points out an often neglected attribute of the company that’s causing problems in a column published today. When Groupon Inc (NASDAQ:GRPN) went public, its founders kept a class of shares that gave them a controlling interest. Three of the executives in the company...
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Groupon Inc (NASDAQ:GRPN) inked a multi-year agreement with MLB Advance Media, the interactive media and internet company of the Major League Baseball (MLB) to serve as its official daily deals site. The e-commerce company said it would handle all deals for the 30 MLB clubs through its GrouponLive events platform, which was introduced to offer the best deals in local entertainment, such as college, or professional sports events, concerts, family entertainment, plays, and musicals...
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