Groupon is planning a network of North American warehouses for its physical goods business. Goods is actually doing well, and CEO Eric Lefkofsky said that bringing shipping in house will improve the company’s margins.
Groupon up 20 percent in after-hours trading after officially appointing executive chairman Eric Lefkofsky to CEO.
Groupon co-chief executives Ted Leonsis and Eric Lefkofsky aren’t racing to find the next CEO as the current executive team is ”gelling.”
Groupon has had a tough past few months, but at least today’s Q1 earnings beat expectations.
Groupon’s board of directors is looking outside the company’s current management for candidates that could assume the now vacant position of CEO.
When it came time for VC firm Lightbank to open its first office outside of Chicago, its partners — including Groupon founders Brad Keywell and Eric Lefkofsky — looked east to New York City, instead of Silicon Valley.
In the midst of all the turmoil of Groupon, which is now trading at a market cap below $8 billion and broke below the $12 mark in trading today, the company’s hometown newspaper had a sitdown with Groupon chairman Eric Lefkofsky. As a former journalist who once aspired to work at the Tribune, I’m embarrassed for them.
The government questioned Groupon CEO Andrew Mason for his potentially market-conditioning statements, according to documents released by the SEC today.
Belly, a loyalty and customer rewards program for small and medium sized businesses, launched today in Chicago, announcing it has received more than $1 million in seed capital from Lightbank, the firm owned by the co-founders of Groupon.
Today, digital course creator BenchPrep announced its new iPad app, which launches with sync functions.
Deals site Groupon will be updating its S-1 filing yet again to remove an unusual accounting measurement, according to an article by AllThingsD.
Daily-deal site Groupon bought Zappedy, a mystery company, for at least $10.3 million, according to a Form D filed with the SEC today.
Someone broke their quiet period. Groupon amended its IPO filing after Bloomberg News published a statement from Groupon’s co-founder and Executive Chairman in June.