Feeds

Groupon loses second top sales bod in a week

Voucher bazaar can't hang onto execs

Beginner's guide to SSL certificates

Groupon is losing its US sales boss Lee Brown, who followed other senior execs who scarpered off earlier this year.

Brown, senior vice president of national sales, has decided to leave the voucher bazaar, according to an internal memo seen by Reuters.

Groupon in the UK said it couldn't confirm or deny that Brown had resigned.

The exit comes after a Wall Street Journal report that Jayna Cooke, another top salesperson, had left the firm this week.

The daily deals site's stock has plummeted since its IPO last year as accounting irregularities and restatements fuel concerns that sales aren't as easy as they used to be. The share price has tumbled 82 per cent since its first day of trading.

Although the firm finally made a profit in the second quarter of this year, it hasn't been enough to improve investors' confidence in its business model, particularly since revenues still missed analysts' expectations. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.