Groupon (GRPN) Shares Hammered For Second Day
Shares of Groupon (NASDAQ: GRPN) are down sharply for a second day, and have reached the lowest level since the firm’s IPO. The stock traded at $20.25 down 14%. MarketWatch reviewed the corporation’s business model and reported “Groupon has shown it…
Shares of Groupon (NASDAQ: GRPN) are down sharply for a second day, and have reached the lowest level since the firm’s IPO. The stock traded at $20.25 down 14%.
MarketWatch reviewed the corporation’s business model and reported “Groupon has shown it is capable of getting far bigger revenue by going after that same small-business market, but many of the customers its deals attract are value-conscious customers who don’t revisit the small business again, unless it is with another coupon. That aspect, plus its intensive use of cash, has called its business model into question.”
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
