Groupon CEO steps down as daily deals website heavily discounts its outlook
by Reuters from Technology | The Guardian on (#SGP2)
Share price falls 27% as co-founder Eric Lefkofsky returns to chairman's seat and company forecasts revenue below estimates through 2016
Groupon, the daily deals website, has said co-founder Eric Lefkofsky is stepping down as chief executive and returning to the role of chairman, effective immediately.
The company also forecast current-quarter and 2016 revenue below analysts' expectations, sending its shares down 27% in extended trading on Tuesday.
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