The Daily Telegraph reports that daily deals specialist
Groupon has fired its founder and chief executive Andrew Mason as it attempted
to halt the landslide in its shares. Groupon recently reported operating losses
of over £8.5 million and in a letter Andrew Mason says, “from controversial
metrics in our S1 to our material weakness to two quarters of missing our own
expectations and a stock price that’s hovering around one quarter of our
listing price, the events of the last year and a half speak for themselves. As CEO,
I am accountable.” A replacement has not been announced.
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