Andrew Mason News
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Groupon Inc. shares jumped the most in more than two months after the daily deal website’s first- quarter revenue surpassed analysts’ estimates, buoyed by increased coupon sales through its mobile applications.
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Groupon Inc. shares jumped the most in more than two months after the daily deal website’s first- quarter revenue surpassed analysts’ estimates, buoyed by increased coupon sales through its mobile applications.
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Former Groupon Inc. Chief Executive Officer Andrew Mason, who was fired in February by the company he co-founded, received a compensation package last year of $5,291.
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Groupon Inc. ousted Andrew Mason as chief executive officer a day after reporting results that disappointed investors and underscored his failure to cope with diminished demand for daily coupons, the company’s main product.
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Facebook Inc. Chief Executive Officer Mark Zuckerberg announced the creation of an advocacy group called Fwd.us to lobby for immigration changes, higher academic standards and investments in scientific research.
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Groupon Inc. fell the most in a month after Eric Sheridan, an analyst at UBS AG, said the daily- deals website had an “unproven business model” and initiated coverage with a sell rating.
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When Twitter Inc. Chief Executive Officer Dick Costolo isn’t traveling abroad or overseeing new products to compete with social-networking rival Facebook Inc., he’s often lecturing employees on the merits of good management.
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Groupon Inc. slumped the most since November after forecasting sales that missed estimates, underscoring the challenge facing Andrew Mason, whose board has already considered replacing him as chief executive officer.
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Groupon Inc., the largest provider of online coupons, has no immediate plans to replace Chief Executive Officer Andrew Mason after its board met to deliberate whether to make changes to senior management.
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Groupon Inc.’s decision to fire Andrew Mason puts pressure on Chairman Eric Lefkofsky to find a replacement who can create a money-making business after the daily-deal provider lost $723.8 million in the past three years.
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