Pages Menu
Categories Menu

Posted in 2011, Retail Trade | 0 comments

Margo Georgiadis (COO): Groupon

Margo Georgiadis (COO): Groupon

In December of 2010 Groupon was projected to make $1 Billion in sales faster than any company in history. Groupon turned down a buyout offer from Google shortly after. In June, Groupon filed with the SEC to go public. However, their business model is as revolutionary as it is replicable. So concerns about Groupon’s stability and long term viability grew as well. Some reports go so far as to claim Groupon owes over $200 Million more than it has, further complicating how to value the company. Georgiadis’ short tenure may give credence to such fears. After Rob Solomon vacated the position after only a year, Georgiadis lasted for only five months. It does not help that Georgiadis left her position at Google, only to return to her former employer around the same time Google launched Google Offers, a direct competitor to Groupon. It is not clear why Georgiadis departed so quickly, but losing two COO’s in the same year is not a good buy for a company so big on deals.