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Groupon (NASDAQ:GRPN) shares received a small bounce in late afternoon trading. The company’s chief executive officer Andrew Mason will be replaced. In a press release, co-founder Eric Lefkofsky explains, “On behalf of the entire Groupon Board, I want to thank Andrew for his leadership, his creativity and his deep loyalty to Groupon. As a founder, Andrew helped invent the daily deals space, leading Groupon to become one of the fastest growing companies in history.” The announcement comes after another disappointing quarter and a 24 percent plunge in the stock price.
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