Jason Del Rey

Recent Posts by Jason Del Rey

Groupon Names Eric Lefkofsky Permanent CEO; Q2 Revenue Beats Street

groupon_tv screensThe Groupon CEO search is over, and the man at the top is a familiar one: co-founder Eric Lefkofsky.

The company announced today that he will man the job permanently, after being named co-CEO along with Ted Leonsis when Andrew Mason was fired. Leonsis has been named chairman.

Groupon’s second-quarter earnings report is in and the company recorded revenue of $609 million, narrowly beating Wall Street’s consensus estimate of $606 million. The company earned two cents per share, excluding stock-based compensation and acquisition-related expenses, which was right in line with what Wall Street analysts were expecting.

The board has also authorized a $300 million share buyback program.

More to come…


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work