{"id":29060,"date":"2012-05-02T14:51:06","date_gmt":"2012-05-02T18:51:06","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=29060"},"modified":"2012-05-02T14:51:06","modified_gmt":"2012-05-02T18:51:06","slug":"groupon-stabilizes-after-mondays-beating-grpnsbuxaxp","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/05\/02\/groupon-stabilizes-after-mondays-beating-grpnsbuxaxp\/","title":{"rendered":"Groupon Stabilizes After Monday&#8217;s Beating (GRPN,SBUX,AXP)"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"542\" height=\"304\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v9b3a84e876b4a70412ff0569c481ceac7e71a89d&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"wmode\" value=\"transparent\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v9b3a84e876b4a70412ff0569c481ceac7e71a89d&#038;tgt=grabnetworks\"\/><\/object><\/p>\n<div id=\"overlay-adzone\" style=\"overflow:hidden; position:relative\"><\/div>\n<\/div>\n<p>Published on Tue, 05\/01\/2012 &#8211; 08:53 By FNNO Staff in News corner, axp, GRPN, SBUX, american express, board, groupon, grpn, starbucks 5-1-12-Shares of Groupon (NASDAQ:GRPN) shares sold off in the last hour of trading Monday on news that Starbucks (NASDAQ:SBUX) Chairman and CEO Howard Schultz and Accel Partners&#8217; Kevin Efrusy were stepping down from Groupon&#8217;s board.The members will be replaced by Daniel Henry, CFO of American Express (NYSE:AXP), and Deloitte Vice Chairman Robert Bass.The shakeup comes as Groupon looks to shore up investor confidence following its Q4 restatement which was a nightmare for the company&#8217;s stock.The departures were voluntary, however, AllThingsD reported that several sources noted that Schultz almost left the board right before Groupon&#8217;s public offering last fall, following several ongoing disputes with its management, but opted to stay on so as to not cause any issues with the IPO.Groupon&#8217;s stock rose to over $31 on November 4th of 2011, but has come off considerably since it&#8217;s IPO and is trading at $10.72 this morning, about flat on the day after falling over 10% yesterday.<\/p>\n<p><img src='http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/05\/02\/1_gxktcbsr_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/05\/02\/1_gxktcbsr_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Published on Tue, 05\/01\/2012 &#8211; 08:53 By FNNO Staff in News corner, axp, GRPN, SBUX, american express, board, groupon, grpn, starbucks 5-1-12-Shares of Groupon (NASDAQ:GRPN) shares sold off in the last hour of trading Monday on news that Starbucks (NASDAQ:SBUX) Chairman and CEO Howard Schultz and Accel Partners&#8217; Kevin Efrusy were stepping down from Groupon&#8217;s &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/05\/02\/groupon-stabilizes-after-mondays-beating-grpnsbuxaxp\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Groupon Stabilizes After Monday&#8217;s Beating (GRPN,SBUX,AXP)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-29060","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=29060"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29060\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=29060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=29060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=29060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}