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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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