Groupon, which has lost 99.4% of its value since its IPO, names a new CEO… based in Czech Republic

A dozen years ago, Groupon shot to fame popularizing the online group buying format, confidently rejecting a $6 billion acquisition offer from Google and instead going public with a $17.8 billion market cap. The company today says it has 14 million active users, but almost consistently for the last decade, its financial position has been in a slow decline — with stagnation in its core business model, little success in efforts to diversify, declining revenues and ongoing losses.
And today comes the latest chapter in that story. The Chicago-based company, which today has a market cap of ju

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