Groupon Plunges as Mason Keeps Top Job
From Rumors
November 30, 2012 - 2:42pm
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 hard on Friday after rising earlier in the week on the speculation of a new CEO.
Even if Mason is eventually ousted, it would likely not occur in the near future.
On Friday, the stock was down more than nine percent, trading near $4.11. The shares rose sharply on Tuesday, Wednesday and Thursday as speculation about ...
November 30, 2012 - 2:42pm
Share This Article:
Wall Street Buzz
- May25 10:17amPhilippine probers putting together intial findings on fisherman shooting
- May25 10:17amIndia, Japan PMs to meet
- May25 10:13amTeens Tire of Facebook—But Not Enough to Log Off
- May25 9:38amBest Buy Celebrates Holiday Weekend With Mobile Savings
- May25 9:37amMike Bloomberg Wants to 'Fucking Destroy' the Taxi Industry: Here's How He Could Do It
- May25 9:24amBest Stock Market Indicator Ever: Slips to 95%; Secondaries Confirm ’Tradable’
- May25 9:24amBeppe Grillo: ’’Referendum on the Euro Within a Year’’
- May25 9:00amNewsWatch: Can Marissa Mayer leave those crazy kids alone?
- May25 8:33amThe Dreaded Curse of the IMF!
- May25 8:21amWill the New CEO of Chesapeake Reward the Faith of Hedge Fund Heavyweights Icahn, Berkowitz, and Pabrai?
- May25 7:50amIt's Not All About the Fed, Really
- May25 7:50amFX Price Action: What's Next?
- May25 7:30amIs gold finally DEAD?
- May25 7:17amChina and North Korea likely to sit down for talks
- May25 7:17amBritish police arrest two people after mid-flight terror threat on Pakistani Airline flight
- May25 7:00amNissan’s Mad Scientists’ GT-R
- May25 7:00amSlide Show: The 2014 Bentley Flying Spur
- May25 7:00am49ers Harbaugh to drive Indy pace car
- May25 7:00amRobert Powell: How to know if you have enough to retire
- May25 6:17amEx-Guatemalan president Portillo extradited to U.S.
- May25 6:00amHugh Hendry: Investing Amidst Crashes, China & Speculators
- May25 5:45amBook Bits | 5.25.13
- May25 5:00amInflation and Stocks
- May25 3:30amIs the USA Facing a Labor Shortage?
- May25 3:09amWhat’s Your Exit Strategy?
- May25 2:47amWealth on a Boeing 747
- May25 1:56amAre IMF, World Bank Purveyors of Assisted Suicide?
- May25 1:51amWhen They Do The QE Stomp
- May25 1:05amTime for Caution
- May25 12:43amRoss Garnaut: China Rebalancing Will Change World Economies
- May24 11:58pmInfographic of the Day: World's Largest [commercial] Aircraft
- May24 11:32pmInvestors Seem Puzzled by April Durable Goods Orders Report
- May24 11:28pmKuroda's Gambit
- May24 10:58pmApple Inc. (AAPL) Tax Hearing Offends Ireland
- May24 10:15pmMarket’s Bill of Health: Short Term Reversal, Otherwise Bullish
- May24 9:41pmVIX Ends the Week with a Slight Decline
- May24 9:35pmJack Lew's Triple Whammy - IRS Ignorance, Corzine Corruption, And The 'War On The Poor'
- May24 8:58pmGuest Post: Are Pipeline Spills A Foregone Conclusion?
- May24 8:56pmScorecard: How's Bill Ackman Doing?
- May24 8:38pmThis Metric Says You Are Smart to Buy Capital Product Partners L.P. (CPLP)
- May24 8:37pmIron-Fisted Bank Of Japan Is Losing Its Grip
- May24 8:27pmIRS exempt unit faulted for group scrutiny in past
- May24 8:25pmDaniel Loeb's Top Three Increases of the First Quarter
- May24 8:25pmEnergy – Balancing the Bonanza
- May24 8:22pmStick Save To Close The Week
- May24 8:20pmAbenomics 101 - The 15 Most Frequently Asked Questions
- May24 8:16pmHedge Funds Are Betting On Ship Finance International Limited (SFL)
- May24 8:15pmA Week Of Overall Selling….
- May24 8:06pmMarket Snapshot: Bears cite performance chasing as stocks rise
- May24 8:03pmUpbeat Economic News Seen as Threat to Quantitative Easing
