Groupon Co-Founder Eric Lefkofsky Doesn’t Sell Millions of Shares

He only transfered them. According to an SEC document filed on Friday, Groupon Chairman and co-founder Eric Lefkofsky distributed nearly 19 million shares from the daily deals company. The Wall Street Journal reports that the shares were dolled out members of an investment entity, including early employees, advisers and his family’s charitable foundation. A spokesperson for Lefkofsky, who controls 28 percent of the company’s voting power, confirmed he was not selling the shares. On Friday, those shares were worth about $77 million.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik