Groupon fired Andrew Mason as chief executive on Thursday, ousting a co-founder who captured headlines with his quirky style but failed to reverse a crumbling share price or stop a gradual erosion...
- Mon
- Mar 4, 2013
- Updated: 8:11pm
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Groupon
Groupon is a gift-certificate website launched in late 2008 in Chicago, but quickly expanded. It was the brainchild of Andrew Mason, Groupon’s current chief executive. However, Mason was fired in February 2013 after the company's core business was undermined by tough competition and its share price crumbled.
28 Feb 2013
Groupon lost a quarter of its market value after it revealed it began to take a smaller cut of revenue on daily deals during the holidays, sacrificing revenue and profits to attract and keep...
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