Groupon CEO Andrew Mason fired! The daily deal site has boosted founder Andrew Mason, after the company posted disappointing earnings.
Check out the Oddbods! Visit: http://www.youtube.com/user/nxTomo
Groupon reported a surprising loss on Thursday, causing the stock to drop nearly 25%. Investors have soured on the company and are questioning the daily deal business model.
Groupon creates value for consumers by destroying value for merchants. Consequently, many merchants are foregoing daily deal sites, thus hurting Groupon's revenue.
After ditching Mason, Groupon shares bounced back 4% in after-hours trading. But is that just a dead-cat bounce for dying business model?
FOR MORE NEXT MEDIA ANIMATION, GO TO: http://www.youtube.com/subscription_center?add_user=NMAWorldEdition
Facebook http://www.facebook.com/NMAtv
Twitter @nmatv http://www.twitter.com/nmatv
Tumblr http://nmatv.tumblr.com
Google+ http://gplus.to/NMAtv
Web http://www.nma.tv
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
FOR MORE NMA IN ENGLISH, GO TO: http://www.youtube.com/subscription_center?add_user=NMAtv
FOR MORE APPLE DAILY ENGLISH, GO TO: http://www.youtube.com/subscription_center?add_user=AppleDailyEnglish
FOR MORE TOMONEWS JP, GO TO: http://www.youtube.com/subscription_center?add_user=TomoNewsJP
