Radar Movers: Groupon Clips CEO, Herbalife Makes Deal With Carl Icahn
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.