Friday, December 7, 2012

Tiger Global buys 9.9 percent stake in Groupon | Reduction

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Tiger Global buys 9.9 percent stake in Groupon

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Excerpt:

Tiger Global Management said in a regulatory filing that it owns 65 million shares of the Chicago company, which faces slowing revenue growth and accounting investigations. The fund, managed by 37-year-old Chase Coleman, was the most profitable hedge fund of 2011. It has holdings in a number of tech companies, including Apple (AAPL) and Google (GOOG). Groupon pioneered the online daily deals market, offering subscribers deep discounts on everything from spa sessions to restaurant meals to toe fungus treatments. To expand its business, Groupon has tried to establish itself as a local e-commerce company. It now sells electronic gadgets and other goods. Shares of the company rallied with the broader markets and closed up 4. 2 percent, then gained 5 percent more in extended trading to $3. 26 per share. The company went public a year ago at $20.

People:

Chase Coleman

Overall Sentiment: 0.755129

Relevance: 0.848456

Additional Info:

Company: Tiger Global Management

Overall Sentiment: 0

Relevance: 0.799288

Company: Apple

Overall Sentiment: 0.018359

Relevance: 0.623693

Disambiguation: Brand | OperatingSystemDeveloper | ProcessorManufacturer | ProgrammingLanguageDesigner | ProgrammingLanguageDeveloper | ProtocolProvider | SoftwareDeveloper | VentureFundedCompany | VideoGameDeveloper | VideoGamePublisherReferences:

Company: Google

Overall Sentiment: 0.0126765

Relevance: 0.60004

Disambiguation: AcademicInstitution | AwardPresentingOrganization | OperatingSystemDeveloper | ProgrammingLanguageDeveloper | SoftwareDeveloper | VentureFundedCompanyReferences:

City: Chicago

Overall Sentiment: -0.0777309

Relevance: 0.622817

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