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...
Share this post
← Back to Utah