Groupon, the popular daily deals site which has been going through tough times globally, has recently inked a deal with Tata owned Croma Retail. In a move that looks like aggressive marketing strategy, Groupon looks to sell gadgets with exclusive promotions and […]
February 28th, 2013 was the day Andrew Mason was fired as Groupon CEO. At that time present CEO Eric Lefkofsky was enjoying a two month sabbatical in South-East Asia. He has been keeping himself away from any active involvement in Groupon. […]
Groupon today announced a much awaited leadership change with a move to replace Andrew Mason as its CEO. The decision comes a day after Groupon reported its painful fourth quarter financial performance, that included a surprise loss, and low revenues revenues. […]
Groupon stocks dipped a further 26% after they announced their Q4 2012 results showing a wider loss and a forecast of weak growth. Groupon reported a revenue of $638.3 million, and earnings per share of -$0.12. Analysts had expected revenue […]
In February of this year, Groupon acquired Adku, an e-commerce data targeting startup staffed with a whip-smart technical team. It was one of a series of acqui-hire deals Groupon executed as part of its strategy to staff up its Silicon Valley office […]
According to sources close to the situation, several Groupon board members have been seriously discussing making major leadership changes at the Chicago-based daily deals company, including bringing in a more experienced CEO to take over for co-founder Andrew Mason. The […]
