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I've been a bull on this stock for six years straight, says Mark Mahaney, RBC Capital Markets, explaining why he thinks the company is one of the "best assets in the Internet space."
Mark Mahaney, RBC Capital Markets, explains why he cut his rating on Groupon. I think they are getting away from the core of where their business should be, says Mahaney.
Feb 20- Groupon Inc forecast a surprise quarterly loss as it spends more to advertise its online marketplace, which is expected to make up for its lagging daily deals business, and its shares fell more than 13 percent in extended trading.
Feb 20- Daily deals website Groupon Inc forecast a surprise loss for the current quarter as it spends more on marketing, sending its shares down more than 13 percent in extended trading.
Groupon pops 15 percent after earnings, but weak guidance left the air out of the stock. The Fast Money traders discuss the massive turnover in the stock.
Check out which companies are making headlines after the bell Thursday:
Stocks drifted higher to close at session highs Thursday, with the S&P nearing its all-time high, as investors seemed to shrug off a mixed bag of economic and earnings reports.
Feb 20- Daily deals website Groupon Inc reported a 20 percent rise in quarterly revenue, helped by strong demand in its business that sells discounted products. Groupon's shares rose more than 13 percent in extended trading. The company's net loss slightly widened to $81.2 million, in the fourth quarter, from $81.1 million, a year earlier.
Groupon reported quarterly earnings and revenue that beat analysts' expectations on Thursday.
U.S. stock index futures pointed to a lower Wall Street open on Thursday, ahead of a busy day for both quarterly earnings and economic data.
Even if Thursday's economic data comes up punk, markets may just write it off to bad weather.
Despite Amazon's tight grip on e-commerce, start-ups can capitalize on the giant's flaws, said Petflow.com co-founder Joe Speiser.
With more storms coming, traders will be plowing through economic reports for the impact of winter weather on the economy and corporate profits.
This is Talking Squawk, the official "Squawk Box" blog, providing tidbits, insights and sarcastic reflections.
The "Fast Money" traders share their final trades of the day.
Some of Tuesday's midday movers:
Five years after its launch, daily deals company Groupon is finally giving business owners an automated way to launch discount promotions.
Now, two venture capitalists have raised $250 million in a gambit to recreate some Silicon Valley- style growth in the U.S. Mark Kvamme and Chris Olsen, formerly partners at venture-capital firm Sequoia Capital, announced Tuesday that they had raised the funds to nurture companies in states often overlooked by traditional venture cash.
Ted Leonsis, Groupon chairman, shares his thoughts on Microsoft's likely pick of Satya Nadella as the tech giant's next CEO, and the future of Yahoo.
It’s time for the Lightning Round. Cramer makes the call on viewer favorites.