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Groupon (GRPN) CEO Andrew Mason is out, and the board has begun a search for a replacement....

Groupon (GRPN) CEO Andrew Mason is out, and the board has begun a search for a replacement. Executive chairman Eric Lefkofsky and vice chairman Ted Leonsis have been appointed to a newly-created Office of the Chief Executive. Shares +6.4% AH. (PR) (Groupon Q4)
Comments (9)
  • activistinvestor
    , contributor
    Comments (49) | Send Message
     
    This was a catalyst that I spoke of on Yahoo yesterday after earnings. My prediction was correct. We will see how the market digests this positive news.
    28 Feb 2013, 04:42 PM Reply Like
  • Sebanightwish
    , contributor
    Comments (1015) | Send Message
     
    This is something that must have happened long ago. Clearly Mr Mason did not have the ability to make your company profitable.
    Good news for bad wound Groupon
    28 Feb 2013, 05:38 PM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (11015) | Send Message
     
    There is something very bad at Groupon besides just the lawsuits. It is a fad gone dead. Now its just a giant junk spam program. I see no rosey future for it unless it embraces a new marketing paradigm.
    28 Feb 2013, 07:38 PM Reply Like
  • Richard Tarjeft
    , contributor
    Comments (112) | Send Message
     
    Moon that is a big assumption if you look at revenue.. I think its a cheap take over target. Especially considering it was 2011 when they had a $5.75 billion dollar offer on the table.. I bet they would take something similar today and there are more big boys looking to build in the space.
    1 Mar 2013, 12:53 AM Reply Like
  • BIG_BEN
    , contributor
    Comments (154) | Send Message
     
    But they rejected that buyout from Google who decided to build their own deal service. I don't see it being an attractive buyout target anymore as there are several daily deals services and not many seem to be making a profit.
    1 Mar 2013, 09:31 AM Reply Like
  • Richard Tarjeft
    , contributor
    Comments (112) | Send Message
     
    Aggregating the active user pool would make it profitable. You need eyes on your offers. I don't know anyone who uses Google offers. I know at least 10 people in my immediate circle who do or have used Groupon.
    1 Mar 2013, 09:55 AM Reply Like
  • BIG_BEN
    , contributor
    Comments (154) | Send Message
     
    You could be right but I am of the opinion that combining 2 money losing business does not often make a money producing business. I think at best, the goal would be to reduce competition. Economies of scale do not seem to benefit groupon as revenues continue to grow but they are losing more money. The whole business model seems to be wrong. Maybe a new CEO can change that. I myself have bought one groupon but agree with Moon that most of it is spam. Maybe some better data analytics would benefit them as i have no clue why I receive offers for massages every day. I had to double check that i did not enter the wrong sex when i signed up!
    1 Mar 2013, 11:46 AM Reply Like
  • activistinvestor
    , contributor
    Comments (49) | Send Message
     
    Can you blame them for gambling and attempting to take it higher than what Google offered them? Traders do this everyday. In hindsight, it is always easier to say what we would have done. Like it or not, Groupon is still the leader in the daily deals space. AMZN, GOOG or FB will benefit from a buyout. Amazon is pumping a bunch of money into a losing living social. Google is still trying to get the Google deals going and is losing money on their service. FB wants in. Groupon reported record billings. People believe in the product. It seems like once a money manager, analyst bashes a stock through the media, the retail investors jump on board. A successful trader is an independent thinker. Look how the analysts and money managers turned on Apple.The retail investors follow. Contrarian investing..........
    1 Mar 2013, 09:51 AM Reply Like
  • activistinvestor
    , contributor
    Comments (49) | Send Message
     
    consider it.....
    1 Mar 2013, 09:52 AM Reply Like
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