Investors have bought into Groupon, post-Andrew Mason. As you can see in this chart, the stock has more than doubled, since he left. It closed at $US10.60, up from $US4.80 when he left.
Since Mason was fired, Groupon cofounder Eric Lefkofsky was made interim CEO, and then permanent CEO. He also announced plans for a $US300 million stock buyback, as well as delivered better earnings reports.
As well as the stock is doing, it’s still 50% off the IPO price, so Lefkofsky has work to do.
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