Groupon Inc. ousted Andrew Mason as chief executive officer a day after reporting results that disappointed investors and underscored his failure to cope with diminished demand for daily coupons, the company’s main product.
Groupon Inc., which last month rejected a $6 billion takeover offer from Google Inc., isn’t convinced it will sell shares in an initial public offering anytime soon, said Chief Executive Officer Andrew Mason .
Groupon Inc., the largest provider of online coupons, has no immediate plans to replace Chief Executive Officer Andrew Mason after its board met to deliberate whether to make changes to senior management.
Some Groupon Inc. directors plan to discuss a possible leadership change amid concern that Chief Executive Officer Andrew Mason is mishandling the company’s turnaround, a person familiar with the matter said.
Groupon Inc. , owner of the world’s largest online coupon site, said it welcomes entry by Facebook Inc. and Google Inc. into the market, as surging sales attract more companies to the business, intensifying competition.
Groupon Inc. Chief Executive Officer Andrew Mason said the digital-coupon company is growing and widening its lead over rivals, addressing concerns raised about the business as it prepares for an initial public offering.