Growth
in Europe comment triggers Groupon stocks spike
Jason Child, the Chief Financial Officer
of Groupon Inc(NASDAQ:GRPN), said on Tuesday that the company is undertaking
several measures to grow in the European market. He was speaking at an
investors’ conference. The company’s shares rose 8 per cent on this news.
Groupon uses a technology in the U.S. that
helps to put together and send relevant deals to subscribers. The same is now
being introduced in Europe.
According
to Child, "It's one of the primary drivers we expect to see in the back
half of this year." He also said, "That should be one of the
solutions for helping us to drive growth in the future."
Share
prices had fallen after the company had posted poor results due to weak
performance in Europe, touching a new low of $4 on September 4. But yesterday,
the stock rose 8 percent to $4.61.
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The stock
has lost around 75 percent of its value from the time of its listing late last
year.
According
to Internet analyst Aaron Kessler of Raymond James and Associates, the organizers
of yesterday’s conference, Child sounded optimistic. He feels that the planned
deployment of technology will surely drive growth in Europe.
Also,
business is generally lean for E commerce companies in the second quarter, and
this might have been the reason for Groupon’s poor performance.
Barnes & Noble to launch a Windows 8 Nook?
As per Report,
Barnes & Noble, Inc.(NYSE:BKS) will soon launch a Nook tablet that runs on
Windows 8, Microsoft’s latest platform. If rumors are to be believed, the
unveiling of the 7 inch tablet that runs on a non-Android based platform will happen
sometime in September.
Get Free Trend Analysis On BKS Here
Two tablets
running on Android will be in the market soon. Amazon is going to launch its
new Kindle Fire HD while Google is introducing its Nexus. In such a situation,
it might be a smart move to introduce a tablet running on Windows 8.
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