Key Developments: Groupon Inc (GRPN.O)
6.97USD
17 May 2013
$0.03 (+0.43%)
$6.94
$7.01
$7.17
$6.90
14,801,672
19,154,228
$12.90
$2.60
Latest Key Developments (Source: Significant Developments)
Groupon Inc Issues Q2 2013 Revenue Guidance; EBIT Guidance Below Analysts' Estimates; Reaffirms FY 2013 EBIT Guidance
Groupon Inc announced that for second quarter of 2013, it expects revenue to be between $575 million and $625 million, and operating income (EBIT) excluding stock compensation and acquisition-related expenses to be between $20 million and $40 million. For fiscal 2013, it reaffirmed its guidance and expects GAAP operating income (EBIT) to exceed $100 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $616 million, EBIT of $53 million for the second quarter of 2013. Full Article
Groupon Inc Fires CEO-Reuters
Reuters reported that Groupon Inc has fired Andrew Mason as Chief Executive Officer on February 28, 2013. The Company said in a statement that Mason was asked to step down. Co-founder Eric Lefkofsky and board member Ted Leonsis will lead the Company in the interim, until a permanent CEO is found. The company plans to hire a recruiting firm for the CEO search, a spokesman said. Full Article
Groupon Inc Issues Q1 2013 Net Income Guidance; Revenue Guidance Below Analysts' Estimates
Groupon Inc announced that for the first quarter of 2013, it expects revenue to be between $560 million and $610 million and operating (loss) income to be between $(10) million and $10 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $650 million for the first quarter of 2013. Full Article
Levi & Korsinsky Files Class Lawsuit Action Against Groupon Inc
Levi & Korsinsky announced that a class action lawsuit has been commenced in the United States District Court for the Northern District of Illinois on behalf of investors who purchased Groupon, Inc. (Groupon or the Company) stock between May 14, 2012 and November 8, 2012 (the Class Period).The complaint alleges that during the Class Period, defendants issued materially false and misleading statements regarding the Company's business and prospects which resulted in the Company's stock trading at artificially inflated prices. Full Article
Milberg LLP Announces Filing Of Class Action Lawsuit Against Groupon Inc
Milberg LLP announced that a class action has been filed in the United States District Court for the Northern District of Illinois on behalf of purchasers of Groupon Inc stock between May 14, 2012 and November 8, 2012, inclusive (the Class Period).The lawsuit alleges Groupon and certain of its officers and directors violated the Securities Exchange Act of 1934. On November 8, 2012, Groupon issued a press release announcing disappointing revenues for the third quarter and lowered revenue guidance for the fourth quarter of 2012. In a conference call, management recognized that the Company`s lower margin Groupon Goods business would be a more important part of its revenues. As a result of this news, Groupon stock fell $1.16 per share to close at $2.76 per share on November 9, 2012, a one-day drop of 29.59%. Full Article
Law Offices of Todd M. Garber Announces Class Action Lawsuit Against Groupon Inc
Law Offices of Todd M. Garber announced that a class action lawsuit has been filed in the United States District Court for the Northern District of Illinois on behalf of a class (the Class) comprising all purchasers of the common stock of Groupon, Inc. (Groupon or the Company) between May 14, 2012 and November 8, 2012, inclusive (the Class Period). The Complaint alleges that throughout the Class Period the defendants issued materially false and misleading statements regarding the Company`s business and financial prospects. Specifically, defendants misrepresented and/or failed to disclose that: an increasing share of the Company`s revenue growth was being derived from its non-core, lower-margin Groupon Goods business; the Company`s business growth was not as robust as represented; and the Company`s revenue mix was shifting in a manner that would lead to lower margins. Full Article
Law Office of Alfred G. Yates Jr., P.C. Files Class Action Lawsuit On Behalf Of Shareholders Of Groupon Inc
Law Office of Alfred G. Yates Jr., P.C. announced that it has filed a class United States District Court for the Northern District of Illinois on behalf of purchasers of Groupon, Inc. common stock during the period between May 14, 2012 and November 8, 2012 (the Class Period). Full Article
Milberg LLP Announces Pendency Of Class Action Lawsuit Against Groupon Inc
Milberg LLP announces that a class action lawsuit has been filed in the United States District Court for the Northern District of Illinois on behalf of purchasers of Groupon Inc common stock between May 14, 2012 and November 8, 2012, inclusive. The lawsuit alleges Groupon and certain of its officers and directors violated the Securities Exchange Act of 1934. The complaint claims Groupon issued materially false and misleading statements which led to an inflated stock price during the Class Period. Full Article
Faruqi & Faruqi, LLP Encourages Investors Who Suffered $100,000 In Losses Investing In Groupon Inc
Faruqi & Faruqi, LLP, a national securities law firm, announced that it is investigating potential securities fraud at Groupon Inc. The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) a substantial portion of Groupon's revenue growth was being derived from its non-core, lower-margin Groupon Goods business; (2) Groupon's business was not growing to the extent represented by the Company; and (3) Groupon's revenue stream was shifting in a manner which would lead to lower margins. Full Article
Levi & Korsinsky Announces Class Action Lawsuit Against Groupon Inc
Levi & Korsinsky announced that a class action lawsuit has been commenced in the United States District Court for the Northern District of Illinois on behalf of investors who purchased Groupon, Inc. (Groupon or the Company) stock between May 14, 2012 and November 8, 2012 (the Class Period). The complaint alleges that during the Class Period, defendants issued materially false and misleading statements regarding the Company's business and prospects which resulted in the Company's stock trading at artificially inflated prices. In particular it is alleged that Groupon misrepresented or failed to disclose that: (a) an increasing share of the Company's revenue growth was being derived from its non-core, lower-margin Groupon Goods business; (b) the Company's business growth was less robust than represented; and (c) the Company's revenue mix was shifting in a manner which would likely lead to lower margins. Full Article
Ex-Groupon CEO Mason moving to San Francisco to start new company
SAN FRANCISCO - Former Groupon Inc. Chief Executive Andrew Mason is moving to San Francisco to start a company after recently recording an album of "motivational business music," according to an update on his blog on Thursday.
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