Groupon Keeps Poaching Talent From This Company

Groupon Inc. (NASDAQ:GRPN) is adding another former eBay Inc. (NASDAQ:EBAY) executive to its ranks.

According to an internal memo obtained by Reuters, the company has hired Faisal Masud to lead its discount retailing arm, Groupon Goods, starting Monday.

Masud, who was head of global delivery experience at eBay, will report to another eBay alum, the newly hired Kal Raman, who Groupon appointed head of its Americas division on Thursday.

Groupon Goods is one of the company’s newer businesses and offers discounted products along with daily deals. The new venture has seen some initial success but according to analysts, the slim profit margins for the unit may become a challenge.