On The Bleeding Edge: Bleeding Edge TV 596: Audeze EL-8 Titanium headphones review

Groupon CEO Andrew Mason fired due to poor quarterly results

Posted by Andru Edwards Categories: Corporate News, News, Revenue

Groupon andrew mason fired

Yesterday, Groupon hit us with a massively disappointing first-quarter earnings report, which saw its stock tumble by over 25% after hours, and now CEO Andrew Mason is out. Someone had to take the fall, and the burden came on the shoulders of Mason, who'll be replaced in the interim by Ted Leonsis and Eric Lefkofsky while the board finds a new CEO. Mason released a letter to employees, and also made it public, admitting that he knew it would leak anyway--give it a read after the break.

Click to continue reading Groupon CEO Andrew Mason fired due to poor quarterly results

Read More | Groupon

Advertisement

Advertisement