Groupon Fires CEO, Who Admits ‘Failure’ in Candid Memo

Groupon fired Andrew Mason as chief executive officer on Thursday, ousting a co-founder who captured headlines with his quirky style but failed to reverse a crumbling share price or stop a gradual erosion of its main daily-deals business. The internet daily-deals company launched a search for a new leader to help turn it around, the same day its stock slid 24 percent after a dismal quarterly results report.