Editor’s Note: Related tickers: Groupon Inc (NASDAQ:GRPN), Zynga Inc (NASDAQ:ZNGA)
The square application model has found success across the globe, specifically in major cities. The application, first fully embraced by food trucks, has begun to pop up in more traditional brick and mortar stores. Using a mobile device such as an iPad or iPhone as a payment system, the Square app eases the often times confusing and expensive nature of a more traditional POS system. In recent months, Paypal has introduced their own mobile payment system Paypal Here. Now Groupon Inc (NASDAQ:GRPN), the popular user-friendly coupon aggregator, is expanding their existing POS system in an attempt to perfect the mobile processing and dining experience. Like Square and Paypal, Groupon Inc (NASDAQ:GRPN) will also offer a monthly flat rate to businesses with a less stable monthly income.
Could Groupon Inc (GRPN) Be Headed for Double Digits? (SchaeffersResearch)
The Groupon Inc (NASDAQ:GRPN) options pits are flooded today, with nearly all of the attention on the call side. Roughly 55,000 Groupon Inc (NASDAQ:GRPN) calls have changed hands, five times more than expected intraday volume and more than 48 times the number of puts already exchanged today. Although the lion’s share of these calls are being sold to open, the long-range forecast leaves room for Groupon Inc (NASDAQ:GRPN) to rally, as the investor is targeting the $10 level, or a 43.5% jump from the stock’s current perch of $6.97. Digging in, a block of 49,469 January 2014 10-strike calls crossed the tape at the bid price of $0.55 per contract shortly after the opening bell.
JANA Partners reveals stakes in Zynga‚ Groupon (TheHimalayanTimes)
JANA Partners, a leading activist hedge fund firm run by Barry Rosenstein, has taken a liking to two of the most beaten-up technology stocks. JANA, which oversees more than USD four billion in US stock holdings, disclosed stakes of 24.6 million Zynga Inc (NASDAQ:ZNGA) class A shares and 21.9 million Groupon Inc (NASDAQ:GRPN) class A shares in regulatory filings on Wednesday. The positions represent just over three per cent of the companies’ outstanding shares. The Groupon Inc (NASDAQ:GRPN) stake was worth USD 134 million as of the end of March, while the Zynga Inc (NASDAQ:ZNGA) holding was valued at USD 86 million, according to the filings. Zynga Inc (NASDAQ:ZNGA) shares rose 1.6 per cent to USD 3.39 in afternoon trading, after gaining more than seven per cent earlier in the day. Groupon Inc (NASDAQ:GRPN) edged up 1.2 per cent to USD 6.97, after achieving a nine-month high of USD 7.38 earlier on Wednesday.
Groupon To Open International Headquarters In Dublin, Recruiting 30 New Hires (DailyDealMedia)
Groupon Inc (NASDAQ:GRPN) is currently recruiting at least 30 people to work at its new international headquarters, which will be located in Ireland on St Stephens Green in Dublin’s city center. Jobs advertised on Groupon Inc (NASDAQ:GRPN)’s UK website indicate the company will be establishing a major presence in Ireland. Currently, the daily deal site is looking to fill as many as 30 roles advertised on Groupon Inc (NASDAQ:GRPN)’s UK website. Job openings range from HR and marketing to IT, design, software engineering, data analysis, web applications engineering, and product management.
Groupon’s Mason Rocks On In a New Life (InvestorPlace)
Sometimes one career change leads to another. Former Groupon Inc (NASDAQ:GRPN) founder and CEO Andrew Mason moved from the corner office in Chicago to a recording studio in Los Angeles in order to record a collection of songs he’s calling “Hardly Workin”. Mason’s song list is focused on motivational business music, aimed at providing younger people and employees advice and councel for the business world. Mason, a music major at Northwestern University, told Tech Crunch that he is serious about the music and songs, and plans on “sharing them as soon as I figure out how to load music onto iTunes, hopefully in the next few weeks.”
