Mason Marches, Groupon Regroups

A day after posting disappointing quarterly earnings, Groupon ousted its founder and CEO Andrew Mason. The company’s stock jumped 4 percent in after-hours trading as the news became public. “I’ve decided that I’d like to spend more time with my family. Just kidding — I was fired today. If you’re wondering why… you haven’t been paying attention,” Mason said in a letter to employees. He expressed regret that he didn’t follow his intuition at certain times.

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Mason Marches, Groupon Regroups

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