Groupon, Research In Motion, MercadoLibre: Tech Winners & Losers
NEW YORK (TheStreet) -- Groupon (GRPN) shares ticked higher after a report from AllThingsD editor Kara Swisher noted the company's board is considering replacing CEO Andrew Mason amid concerns over the stock price and business.
Swisher noted that nothing is imminent, but the board is entertaining the idea of removing the young CEO, who has come under scrutiny for his flamboyant and sometimes bewildering ways. Groupon gained 2.5% to $4.10 today, though the stock is down 82% this year.
Mason, speaking at the Business Insider IGNITION conference, discussed his job and the outlook for the company. When asked about keeping his job, he said: "I care far more about the success of the business than I do about my job as a CEO."
Research In Motion (RIMM) shares gained 4.6% to $11.21 on optimism over the BlackBerry 10, its new platform.
Research In Motion announced that BlackBerry 10 would debut at a launch event on Jan. 30. There had been concerns the company would fail to meet the deadline, having delayed it in the past.
National Bank Financial analyst Kris Thompson recently raised his price target to $15 from $12, citing investor confidence ahead of the launch.
MercadoLibre (MELI) shares fell 4.5% to $70.30 on heavier-than-average volume. The Brazilian e-commerce company traded nearly 1 million shares as of 1 p.m. EST, more than twice its average daily volume.
MercadoLibre hosts online commerce platforms in Latin America. It has often been compared to eBay (EBAY) , with its payment system (PayPal) and online auction services.
Interested in more on MercadoLibre? See TheStreet Ratings' report card for this stock.
-- Written by Chris Ciaccia in New York.
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