Groupon Shares with the SEC and Buys Campfire
Groupon (NASDAQ:GRPN) just released letters to the Securities Exchange Commission that highlight the firm’s rationale for CEO Andrew Mason’s rallying memo to employees, which was leaked to media sources. However, it might be a little difficult for GRPN to answer the question of why an executive advised a news outlet to look into the “leaked” memorandum.
Also, this week Groupon (NASDAQ:GRPN) acquired Campfire Labs reports TechCrunch, after Facebook beat out Groupon to acquire location check-in startup Gowalla. Campfire Labs is a startup that was working on social networking tools capable of deciphering the relevance of individuals in a network to small groups of people.
Here’s how Groupon shares reacted to this week’s news:
Groupon Inc (NASDAQ:GRPN): GRPN shares recently traded at $21.38, down $1.24, or 5.48%. They have traded in a 52-week range of $14.85 to $31.14. Volume today was 871,588 shares versus a 3-month average volume of 3,990,370 shares. The company’s trailing earnings are $-2.17 per share.
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