Sameet Sinha News
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Yahoo! Inc., the largest U.S. Web portal, said Fred Amoroso resigned as chairman and won’t seek re-election as a director while the company undergoes a fresh turnaround effort by Chief Executive Officer Marissa Mayer.
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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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Google Inc.’s prospects haven’t looked so promising to investors relative to Apple Inc. since before the iPhone was introduced.
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Even at half the price Google Inc. bid two years ago, Groupon Inc. is no deal for potential buyers.
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Groupon Inc., the largest daily- deals website, is introducing a credit-card reader to vie with products offered by Square Inc. and EBay Inc.’s PayPal service and boost revenue from small businesses.
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Akamai Technologies Inc., which helps businesses deliver data at faster speeds over the Internet, said Chief Executive Officer Paul Sagan will leave by the end of 2013.
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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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Yahoo! Inc. named Marissa Mayer chief executive officer, appointing a technologist who has managed some of Google Inc.’s most popular products to help reverse market-share losses that fueled three years of sales declines at the biggest U.S. Web portal.
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For a private equity firm that’s looking for the cheapest way to get online, AOL Inc. is trading for 57 cents on the dollar.
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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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