Andrew Mason Leaves Groupon After Company’s Disappointing Performance

It has emerged that Andrew Mason, the founder of Groupon and the guy that basically invented the daily deals space has been asked to leave by the Groupon board. This move came after Groupon saw its stock price dropping 24% after it came to public notice that the company had bad earnings this quarter. Groupon announced that Mason will be succeeded by Groupon’s present chairman, Eric Lefkofsky.

It has emerged that Andrew Mason, the founder of Groupon and the guy that basically invented the daily deals space has been asked to leave by the Groupon board. This move came after Groupon saw its stock price dropping 24% after it came to public notice that the company had bad earnings this quarter. Groupon announced that Mason will be succeeded by Groupon’s present chairman, Eric Lefkofsky.

[via WATBlog.com – Web, Advertising and Technology Blog in India » Startups]

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