Just a quick follow-up on the departure of Groupon chief executive and founder Andrew Mason, who announced his sacking in a typically irreverent blog posting in late February. The stock has been on a tear since then:
Through last Friday’s (April 19) close the stock was up more than 40% since Mason was given the boot. (Though it’s given some of that back today.) Year-to-date, the shares are up roughly 30%. Of course that probably doesn’t do too much to to assuage the pain of folks who bought Groupon stock at or near its initial public offering price. Their stock chart looks something like this.