Groupon Stock Pops 12% In After-Hours Trading On News That CEO Andrew Mason Has Been Fired

Andrew Mason's loss may just be Groupon's gain -- at least as far as its shareholders are concerned. Groupon's stock price got a rapid and marked boost in after-hours trading today in the first minutes after it was announced that longtime CEO Andrew Mason has been ousted from the company. Within the first minutes of the news, Groupon's stock had shot up more than six percent from the $4.53 per share price at which it closed the official trading day. Share prices change by the second, of course, so it's a bit of a horse race to obsessively monitor how the market responds to big news like this (to wit: Groupon's stock has since slowed down, and is now up around 3.5 percent from its closing price.) But the fact that there was a tangible initial pop shows that some investors see Mason's ousting as a positive step.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/qAxZ-4vNcz4/

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