Groupon (GRPN) Senior Vice President of Product Management Jeff Holden will exit the company March 18, yet another high-level departure for the in-transition email-marketing company. Groupon announced Holden’s departure via a regulatory filing posted late Monday. The Chicago-based company is scheduled to report Q4 results after the close Feb. 20. “The timing of the announcement adds to our existing concerns regarding 4Q trends,” wrote Sterne Agee
Nearly two weeks after Amazon CEO Jeff Bezos unveiled his audacious plan for a fleet of flying delivery robots, people are still chuckling about how crazy the idea is. Critics of the e-commerce giant’s Amazon Prime Air program say it just isn’t feasible. Getting government approvals to operate the helicopter-like drones is perhaps the biggest hurdle. Aside from safety issues for humans, pets and birds, the program would have a tough time justifying its cost, pundits say. Comedians were quick to say that the Amazon (AMZN) drones could bring about the robot apocalypse once the machines become smart enough to think for themselves, as IBD reported last week . Daily deals website Groupon (GRPN) poked fun at Amazon’s venture by announcing that it would use catapults to deliver items. Groupon posted a video of its mock plans on YouTube. “The technology, it’s proven, it’s tested. We’re talking about principles of package …
Groupon (GRPN) stock rose 3% in midday trading Wednesday after Wells Fargo upgraded its rating to outperform from market perform. Wells Fargo analyst Trisha Dill also upgraded her price target to 13-14 from 5-6, the Motley Fool financial site reported. A provider of e-commerce deals, Groupon showed some signs of resurgence last month after it reported its Q3 earnings that beat expectations, as it tweaks its business model, as IBD reported. Dill,