So...no thread about Groupon firing Andrew Mason (CEO)?

[NZA]

nothing crazy, he did a bad job, got canned. he's lucky to have the money he does have, the company was way over valued and financially hurt the non-insiders who invested in it

 

[Malik]

Hey dumbasses the IPO went for 12 billion so he was smart to turn down the google bid. Regardless their business plan makes no sense. I'd be surprised if the company is around in 3 years.

That's the point breh...you gonna take $6B guaranteed or do an IPO when you know your business wont survive long term & that inflated valuation is gonna tank the second it hits the market? Groupon is worth $3 billion now. Half of what Google was willing to buy them for. They lost.

 

[Kings County]

They refused Google's offer of $6billion a while back too