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Groupon's Eric Lefkofsky: 'I Don't Think it Was a Mistake to Go Public'
Thursday, May 16, 2013 - 11:12am | 825Read More...During an interview with CNBC, Groupon (NASDAQ: GRPN) co-founder and co-CEO Eric Lefkofsky said that he does not regret his company's decision to go public. </p> "I don't think it was a mistake to go public," Lefkofsky told the network, adding that the company had a shareholder base...
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Could Ouster of Andrew Mason Have Spurred Jana to Accumulate Stake?
Wednesday, May 15, 2013 - 1:06pm | 210Read More...Jana Partners, a hedge-fund manager founded by Barry Rosenstein, took a large stake in Groupon (NASDAQ: GRPN) this quarter, according to a 13F filing with the U.S. Securities and Exchange Commission. With a stake of just over 21.9 million shares -- valued at more than $134 million -- Jana is now...
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Is Ron Johnson the Next CEO to Go?
Friday, March 1, 2013 - 6:15pm | 753Read More...On Thursday, Groupon (NASDAQ: GRPN) fired its co-founder and CEO Andrew Mason. The young executive had been on the hot seat over the last year as shares of Groupon have fallen 74 percent over the last 52-weeks. In a humorous and self-deprecating letter to Groupon's employees, Mason wrote "I was...
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One of These Men or Women May Be Groupon's Next CEO
Friday, March 1, 2013 - 5:19pm | 938Read More...With Andrew Mason fired from Groupon (NASDAQ: GRPN), speculation for his replacement as CEO of the daily deal giant has begun. Mason's tenure is marked by Groupon's incredible growth in its first two years, followed by a stark drop in share value that fell from as high as $31 to as low as $2.60...
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Mason Equates Recent Experience at Groupon With Battletoads
Friday, March 1, 2013 - 1:28pm | 525Read More...Following the market close Thursday, Groupon (NASDAQ: GRPN) announced that its CEO, Andrew Mason, would be leaving the company. Rather than writing a bland farewell that claimed he wanted to spend more time with his family, Mason sent a colorful, yet sad letter to the company that often flirted...
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Andrew Mason Out at Groupon
Thursday, February 28, 2013 - 5:36pm | 153Read More...Groupon (NASDAQ: GRPN) founder Andrew Mason was removed from his role as CEO Thursday. Shares closed down nearly 25%, but rallied almost 5% in the after-hours session. In his place, the company named Chairman Eric Lefkofsky and Vice Chairman Ted Leonsis in an interim role. The company said it has...
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The 8 Most Controversial CEOs in America
Wednesday, January 23, 2013 - 2:20pm | 1593Read More...There are a number of controversial CEOs on Wall Street. Any number of different personality quirks, management styles or missteps can gain you admission to the "most controversial club." One reason for this is likely because of the eccentric personalities displayed by many entrepreneurs. At...
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Groupon Plunges as Mason Keeps Top Job
Friday, November 30, 2012 - 3:42pm | 296Read More...In recent days there has been speculation that Groupon (NASDAQ: GRPN) CEO Andrew Mason is on the hot seat. On Thursday, however, the board of directors decided to retain the co-founder of the company as the chief executive. This shouldn't have come as a surprise, but the stock is getting hit very...
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Groupon's Andrew Mason Takes Firing Rumors in Stride
Wednesday, November 28, 2012 - 5:30pm | 337Read More...Groupon's (NASDAQ: GRPN) co-founder and CEO Andrew Mason addressed rumors that he may taking an involuntary leave from the top spot at his company on Wednesday at the Business Insider Ignition conference in New York. According to AllThingsD, Groupon's board of directors is considering replacing the...
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Groupon Shares Rally Following New Mobile Payments Offering
Wednesday, September 19, 2012 - 3:27pm | 555Read More...Wednesday afternoon, Groupon (NASDAQ: GRPN) shares got a boost following a CNBC interview with its Chief Executive Officer Andrew Mason. In the interview, he spoke about the company's release of a mobile payments system earlier this morning, and of its recent financial performance. Expecting a Mark...
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Groupon Trades Down 26% After Q2 Results
Tuesday, August 14, 2012 - 2:20pm | 272Read More...Online daily deals company Groupon (NASDAQ: GRPN) released its second-quarter earnings results after the closing bell on Monday. During after-hours trading, the stock plunged in the wake of the report. Additional damage plagued Groupon during Tuesday's regular trading session, when the stock...
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Groupon Shares Slide to New Low
Thursday, July 12, 2012 - 8:06am | 407Read More...E-commerce marketplace Groupon (NASDAQ: GRPN) saw shares drop to the lowest levels on Wednesday since going public in November. According to CNBC, trend tracking site ComScore reported a 15 percent decline in traffic in June compared to the previous year. In the same month, Groupon had 12.25...
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Benchmark: Andrew Mason Agrees to Hold Shares After IPO Lockup Expiration
Tuesday, June 5, 2012 - 9:35am | 264Read More...According to The Benchmark Company, Groupon (NASDAQ: GRPN) is on the brink of a powerful cash flow opportunity after visiting the company's Chicago sales office. The three takeaways from the visit were as follows, "1) The IPO lock-up, which has been a major overhang on the stock, expired last...
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Groupon: One Day Later
Monday, November 7, 2011 - 12:32pm | 467Read More...It's been one trading day since Groupon (NASDAQ: GRPN) went public, raising $700 million in the offering. This morning, Benchmark put out a research report on the Chicago-based merchandising company, with an Outperform rating and a $32 price target. This begs the question. How can The Benchmark...
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From Daily Deals Startup to Daily Deals Giant with an IPO, Groupon Makes Us All Very Proud Today
Friday, November 4, 2011 - 11:01am | 625Read More...An unofficial “take that!” to all of Groupon's critics. It's no secret that Groupon (NASDAQ: GRPN) and Benzinga are closely connected. Early this spring, Lightbank – the technology investment vehicle from Groupon co-founders Brad Keywell and Eric Lefkofsky – invested $1.5 million in our company....
