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Groupon Still Losing Money, CEO Is Fired And Leaks Final Email

Posted by ryuzaki0 on from the can't-even-use-the-subjunctive dept.

New submitter Inzkeeper writes with news that the CEO of Groupon met the axe today: "Groupon CEO Andrew Mason made public an email he sent to Groupon employees. He takes responsibility for the company's downturn, expresses his appreciation for his staff, and wishes them well. 'For those who are concerned about me, please don't be — I love Groupon, and I'm terribly proud of what we've created. I'm OK with having failed at this part of the journey. If Groupon was Battletoads, it would be like I made it all the way to the Terra Tubes without dying on my first ever play through.'" Despite increased revenues, they are still losing about $81 million each quarter, and Wall Street needs blood.

4 of 207 comments (clear)

  1. His problem is that they're too small by Anonymous Coward · · Score: 5, Funny

    You need to be big like Amazon to lose money like that.

    1. Re:His problem is that they're too small by Sponge+Bath · · Score: 5, Funny

      Maybe Amazon should buy Groupon. Think of the synergies and new paradigms in losses!

  2. If Groupon was Battletoads by drinkypoo · · Score: 5, Funny

    I nominate this for nerd meme of 2013. If slashdot was battletoads. If the republican national convention was battletoads. If shopping at Wal-Mart was battletoads. And then all those of us who never played it will have to make friends with gamefaqs all over again to understand WTF everyone is talking about.

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    "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
  3. Re: For those who are concerned about me by paiute · · Score: 5, Funny

    He got a Groupon for a $1 million severance package for only $500,000.

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    If Slashdot were chemistry it would look like this:Cadaverine