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More Groupon Woes as Senior Execs Bolt

Sales team hit especially hard as Groupon loses luster

By Mark Russell,  Newser Staff

Posted Aug 24, 2012 2:16 AM CDT

(Newser) – Not only are many of Groupon's top investors leaving the company due to the share price dropping by three-quarters since its IPO last year, many of the company's senior executives are jumping ship, too, reports Reuters. The latest to leave is Lee Brown, the head of Groupon's national sales. Janya Cooke, one of the company's top sellers, has also left, reports Business Insider. Sales, easy when the company was a hot new thing, have been hit hard since Groupon started to lose its luster. All is not well at Zynga, either...

Groupon logo not so bright and shiny any more.
Groupon logo not so bright and shiny any more.   (AP Photo/Charles Rex Arbogast, File)
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COMMENTS
Showing 3 of 34 comments
Eat_Eateator
Aug 24, 2012 2:12 PM CDT
Those senior execs are probably better off pretending they were occupying wall street  for the last few years. Groupon is shamefully dumb. Opinion!
nick
Aug 24, 2012 7:15 AM CDT
Groupon = Poor Business Model. Facebook = Poor Business Model. End of story.
PROUDSTRONGandBLACK
Aug 24, 2012 3:34 AM CDT
This state of affairs is typical of the white man and his wicked ways. When the white man came to rape mother Africa and sell her proud African kings and queens into slavery he showed the world his true nature. The white man can only prosper by swindle! The swindling white man and his 'Groupon' sham of a business model has been exposed as yet another in the long line of con games he  has perpetrated on the world. What comes around goes around. White man your time is over. Your thievery is done. 
 

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