{"id":644719,"date":"2013-03-01T09:09:50","date_gmt":"2013-03-01T14:09:50","guid":{"rendered":"http:\/\/www.webpronews.com\/?p=219448"},"modified":"2013-03-01T09:09:50","modified_gmt":"2013-03-01T14:09:50","slug":"groupon-stock-rises-on-andrew-mason-departure","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/644719","title":{"rendered":"Groupon Stock Rises On Andrew Mason Departure"},"content":{"rendered":"<p>As you may know, <a href=\"http:\/\/www.webpronews.com\/groupon-ceo-andrew-mason-is-being-replaced-2013-02\">Groupon fired its CEO on Thursday<\/a>, a day after another <a href=\"http:\/\/www.webpronews.com\/groupon-earnings-disappoint-stock-down-28-2013-02\">disappointing earnings release<\/a>, which sent stock tumbling. Since the news broke, the stock has taken a turn for the better. <\/p>\n<p>In after hours trading on Thursday, the shares rose <a href=\"http:\/\/techcrunch.com\/2013\/02\/28\/groupon-stock-goes-up-in-after-hours-trading-on-news-that-ceo-andrew-mason-has-been-fired\/\">as high as 12%<\/a> from the $4.53 closing price. Things have calmed down a bit in pre-market trading on Friday, with shares up to $4.65, up 2.65%.<\/p>\n<p>Meanwhile, seemingly everyone on the Internet is throwing around their opinion of Mason and speculating on his and Groupon&#8217;s next move. Mason has been relatively quiet since just after the news broke, when he shared <a href=\"https:\/\/www.jottit.com\/v5wux\/\">a letter he sent to Groupon employees<\/a>, which included some of his characteristic sense of humor, and a comparison of Groupon to a game of Battletoads:<\/p>\n<blockquote>\n<p>For those who are concerned about me, please don&#8217;t be &#8211; I love Groupon, and I&#8217;m terribly proud of what we&#8217;ve created. I&#8217;m OK with having failed at this part of the journey. If Groupon was Battletoads, it would be like I made it all the way to the Terra Tubes without dying on my first ever play through. I am so lucky to have had the opportunity to take the company this far with all of you. I&#8217;ll now take some time to decompress (FYI I&#8217;m looking for a good fat camp to lose my Groupon 40, if anyone has a suggestion), and then maybe I&#8217;ll figure out how to channel this experience into something productive.<\/p>\n<\/blockquote>\n<p>He followed that up with this: <\/p>\n<p><center><\/p>\n<blockquote class=\"twitter-tweet\">\n<p>OK, I\u2019m good on the fat camp recommendations.You may stop.Thank you.<\/p>\n<p>&mdash; Andrew Mason (@andrewmason) <a href=\"https:\/\/twitter.com\/andrewmason\/status\/307246297855979521\">February 28, 2013<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"http:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/center><\/p>\n<p>He also retweeted this: <\/p>\n<p><center><\/p>\n<blockquote class=\"twitter-tweet\">\n<p>First the <a href=\"https:\/\/twitter.com\/search\/%23Pope\">#Pope<\/a> and now @<a href=\"https:\/\/twitter.com\/andrewmason\">andrewmason<\/a>!?! Our esteemed leaders are falling like flies. <a href=\"https:\/\/twitter.com\/search\/%23JustKidding\">#JustKidding<\/a> <a href=\"https:\/\/twitter.com\/search\/%23WhoCares\">#WhoCares<\/a> <a href=\"https:\/\/twitter.com\/search\/%23Groupon\">#Groupon<\/a><\/p>\n<p>&mdash; Gentleman Guard (@GentlemanGuard) <a href=\"https:\/\/twitter.com\/GentlemanGuard\/status\/307263989673504769\">February 28, 2013<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"http:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/center><\/p>\n<p>That was 15 hours ago, and he&#8217;s been quiet (at least on Twitter) since. <\/p>\n<p><a href=\"http:\/\/money.cnn.com\/2013\/02\/28\/technology\/groupon-andrew-mason-severance\/\">According to CNN<\/a>, Mason is getting a severance package of $378.36 due to his $756.72 per year salary (as some tech CEOs famously take low salaries because of their fortunes in stock). The report says Mason&#8217;s Groupon&#8217;s shares are worth $213 million at Thursday&#8217;s closing price.<\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/webpronews\/all?a=gU3ej69r_Bs:ah7fPJsmVY0:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/webpronews\/all?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/webpronews\/all?a=gU3ej69r_Bs:ah7fPJsmVY0:wF9xT3WuBAs\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/webpronews\/all?i=gU3ej69r_Bs:ah7fPJsmVY0:wF9xT3WuBAs\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/webpronews\/all?a=gU3ej69r_Bs:ah7fPJsmVY0:7Q72WNTAKBA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/webpronews\/all?d=7Q72WNTAKBA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/webpronews\/all?a=gU3ej69r_Bs:ah7fPJsmVY0:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/webpronews\/all?i=gU3ej69r_Bs:ah7fPJsmVY0:V_sGLiPBpWU\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/webpronews\/all?a=gU3ej69r_Bs:ah7fPJsmVY0:qj6IDK7rITs\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/webpronews\/all?d=qj6IDK7rITs\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/webpronews\/all?a=gU3ej69r_Bs:ah7fPJsmVY0:mfZ73u_VV2s\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/webpronews\/all?i=gU3ej69r_Bs:ah7fPJsmVY0:mfZ73u_VV2s\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/webpronews\/all\/~4\/gU3ej69r_Bs\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As you may know, Groupon fired its CEO on Thursday, a day after another disappointing earnings release, which sent stock tumbling. Since the news broke, the stock has taken a turn for the better. In after hours trading on Thursday, the shares rose as high as 12% from the $4.53 closing price. Things have calmed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-644719","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/644719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=644719"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/644719\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=644719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=644719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=644719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}