Groupon Shares Soared 134% Since CEO Switch

August 12th, 2013
in contributors, syndication

by Felix Richter,

statistalogoA little less than half a year ago, on February 28, Groupon founder Andrew Mason was fired as CEO of the company he built. His dismissal came as no surprise at that point, since he had had to report another weak quarter to disappointed investors the day before.

Mason’s exit and the appointment of co-founder Eric Lefkovsky as interims CEO was greeted favourably on Wall Street and Groupon’s troubled stock began climbing right after the news had broken.

Follow up:

Last Wednesday, after the stock had closed at $8.72, up 92 percent from its February low, the company announced that Lefkovsky has been named permanent CEO. That news, combined with positive second quarter results gave Groupon’s stock price another boost and it shot up more than 21 percent the next day.

On Friday, Groupon shares closed at $10.61, up 134 percent since Mason’s dismissal in February. The company still has a long way to go in reaching its IPO price of $20, but its new leadership appears to be on track to successfully transform Groupon from a daily deals platform to a more versatile online marketplace.

You will find more statistics at Statista


Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved