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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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus