Groupon stock soars after 2Q results, new CEO

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Groupon’s stock soared Thursday after the beleaguered online deals company named co-founder Eric Lefkofsky permanent CEO and posted stronger-than-expected revenue for the second quarter. Groupon Inc. reported a 7 percent increase in quarterly revenue, to $608.7 million, inching past Wall Street’s expectations. It also announced plans to buy back $300 million of its stock over the next two years, further boosting investor confidence. Lefkofsky, who is Groupon’s largest shareholder, replaces Andre...

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