Andrew Mason to Remain CEO of Groupon
Rumors that Groupon's board will be replacing founder and CEO Andrew Mason have been laid to rest. Following a company board meeting on Thursday, it was decided that Mason will continue to serve as chief executive for the daily deal site, amid concerns that the company has outgrown its young founder.
Rumors that Groupon’s board will be replacing founder and CEO Andrew Mason have been laid to rest. Following a company board meeting on Thursday, it was decided that Mason will continue to serve as chief executive for the daily deal site, amid concerns that the company has outgrown its young founder.
Daily deals have taken in a hit recent months. LivingSocial, another daily deals site, laid off 10 percent of its workforce yesterday to better align its cost structure toward toward its goals for marketing, mobile, and recruitment of additional technology staff.
Groupon
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in