It was another poor showing for Facebook last week as its stock price hit a new low Friday, dispiriting shareholders already frustrated by lower-than-anticpated profits. Billions in shareholder value was erased as the market value of Mark Zuckerberg’s flagship fell to nearly half of the $104 billion target set in May when the company went public, the Mercury Newsreports. [...]
(Reuters) – Goofball, visionary, opportunist, maverick: Andrew Mason invites all manner of description but the one thing all agree on is that the Groupon CEO is one shrewd customer. The music-studies major who says he started Groupon to get his business partners off his back is now the central figure in a $540 million IPO [...]
SAN FRANCISCO — Groupon has come up with another way for bargain hunters to save money as the online coupon distributor prepares to raise money from wary investors. The additional savings will be offered through a customer loyalty program that Groupon unveiled Wednesday. Merchants who join the service can now set a spending target for [...]
(Reuters) – Groupon seeks to go public in October or November, people familiar with the matter told the New York Times on Wednesday, a week after the daily deals website put its IPO on hold for a few weeks as it waited to ride out global market turmoil. The company, which had postponed a roadshow [...]
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