Groupon has lost yet another top executive, this time the chief of its international business, as its weensy second quarter profit fails to impress investors. According to an internal memo seen by Reuters, Veit Dengler is on his way out, while Chris Muhr, SVP of sales, will take over Europe, Middle East and Africa for the …
If you're referencing Groupon UK (I know you're not in the article) but if ever you do, don't call them Groupon, call them MyCityDeals, they love it.
Are they still in business?
Who is mad enough to invest in them
Re: Groupon UK
You never increase business by going to Groupon, you will only attract bargain hunters who happen to be Groupon customers and NOT your customers. These people flit from offer to offer to offer and will never pay full price for anything.
Re: Groupon UK
Even in Groupon Israel?
Pump and Dump Scam - rats leaving a sinking ship
Colour me surprised!
The coupon company blamed that old chestnut, the weak European economy, for its poor profit
Its poor profit is down to the fact that, by this stage, everybody and their dog knows they're a bunch of shysters.
I was never able to figure out how anybody selling goods, like a restaurant, could make any kind of profit on a Groupon deal..
Spawn of Satan icon because...well it's Groupon.
> analysts were expecting much more than the revenues recorded, which were $568.3 rather than the $573m
Putting aside the merits of their service (I'm not a fan), they missed their projections by 1% (aka "much more"), and their stock slides 37%?
There's so much I don't understand.
I'm not sure if that was just a missed "M" or if that was $568.30 ... .which would be a miss of $572M.
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