Daily deals site Groupon ( GRPN) announced the departure of CEO Andrew Mason in a press release sent out late on Thursday. Groupon's Executive Chairman Eric Lefkofsky and Vice Chairman Ted Leonsis have replaced Mason on an interim basis. The company's weaker-than-expected fourth-quarter results and guidance on Wednesday had already prompted speculation about Mason's future. In the release announcing Mason's departure, Groupon noted that its first-quarter outlook remains unchanged. Groupon shares ended the week down 11% at $5.10.
IBM ( IBM) hiked its target for big data and analytics revenue at the company's investor briefing on Thursday and reiterated its long-term financial goal. The tech giant increased its 2015 revenue target for analytics and big data to $20 billion from $16 billion. Back in 2010, IBM had set an initial goal of $10 billion by 2015. As expected, IBM reiterated its road map of delivering operating earnings of at least $20 per share to investors in 2015. IBM shares ended the week down 0.9% at $202.91.
Enjoy the weekend, everyone! -- Written by James Rogers in New York. Follow @jamesjrogers >To submit a news tip, send an email to: email@example.com