Groupon Finally Gets Its Act Together
Since the end of February Groupon shareholders have held on in trepidation as the the company's share price shot upwards, despite the company not having a full-time CEO. That changed this week, though, as the company announced that Erik Lefkofsky would take the top position at the daily dealmaker. Under his and Chairman of the Board Ted Leonsis' leadership, the company's stock has risen 70% over the last few months, and the appointment of Lefkofsky, combined with solid earnings results, sent shares up an additional 20% recently.
But all is not perfect in Groupon's world -- it still has to deal with competitors Facebook and Google . Although Groupon's mobile results were strong this quarter, will they be enough to keep up with two of tech's most powerful titans? Let Motley Fool Blog Editor Mark Reeth tell you the answer in the video below!
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The article Groupon Finally Gets Its Act Together originally appeared on Fool.com.Fool contributor Mark Reeth has no position in any stocks mentioned. The Motley Fool recommends Facebook and Google. The Motley Fool owns shares of Facebook and Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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