Daily deals giant Groupon saw its stock drop 24 percent today after the company reported disappointing earnings. The company has been on a slide practically since the moment it went public, but this miss was the final nail in the coffin for its young co-founder and CEO, Andrew Mason. In a press release the company announced that Mason was leaving in a "change of leadership", being replaced by Mason's co-founder and Groupon's chairman, Eric Lefkofsky.
In typical fashion, Mason had a much blunter and more humorous reading of the situation. His letter, posted on his personal blog, is below.
After four and a half intense and wonderful years as CEO of Groupon, I've decided that I'd like to spend more time with my family. Just kidding - I...
via The Verge - All Posts http://www.theverge.com/2013/2/28/4041120/andrew-mason-out-fired-gone-as-groupon-ceo
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