Groupon named the new Director General

Groupon named the new Director GeneralPopular discount service Groupon named the new Director General – executive chairman of board of directors and one of the Company founders Eric Lefkovsky. Besides, the Groupon announced the quarter report.
Eric Lefkovsky replaced the other founder - Andrew Mason, who has been sent forcibly resigned in the first quarter of 2013 against unsatisfactory results.

However till the present moment the Groupon suffers losses: in the second quarter of 2013 it comprised $7,57M, with the assumption that a year ago there has been achieved profit in amount of $28,4M. Earnings increased from last year $568,3M up to this year $608,7M mainly due to North America, where sales od a discount portal increased 45% - up to $377,2M.

In Europe, Asia and the Near East earnings decreased 24% - up to $159,96M.
Analytics expected net profit of the Company will comprise $11,6 having earnings $606,2M. After the publication of the report and a new Chief coming, the Groupon sticks increased 20%. At the moment the Company prepares corporate repurchase on amount $300M.