Slashdot Mirror
Groupon Still Losing Money, CEO Is Fired And Leaks Final Email
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.
OMG, referencing an old game for humor! Computer nerds would never act that way!
The Kruger Dunning explains most post on
There as no scam, I'm not sure why you think there was. He made people offers,and then he delivered what he said he would. So, no it isn't a scam.
"Groupon was cooking the books, losing money but showing profitability
stop making stuff up you idiot.
People start business to make money and become wealthy? the Deuce you say!
The Kruger Dunning explains most post on
OMG, you are an idiot.
any of those companies could have done a cost analyses, or not discounted below cost, or limited the number of coupons.
if a small business owner can't do basic ROI in there head on the fly, they are going to have a hard time succeeding. How can you own a small business and not know the general costs of your product?
on other news:
As some who watched several global and critical systems fail during Y2K testing, I assure you it was not bogus. a lot of money and hard work took care of it.
The fact that these multi million dollars system had duplicate systems just for testing should indicate how critical they are.
There were, of course, stupid medial alarmist making shit up. Like plains will fall out of the sky and what not.
The Kruger Dunning explains most post on
Nice post a AC, but you're wrong on all counts. If you weren't AC I'd take the time to explain why.
Mike @ The Geek Pub. Let's Make Stuff!