Groupon ousts Mason after shares slide

People of Groupon,
After four and a half intense and wonderful years as CEO of Groupon, I’ve decided that I’d like to spend more time with my family. Just kidding — I was fired today.

GROUPON, the online deals site, last night ousted its founder and chief executive Andrew Mason after a string of disappointing results. Mason, 32, last night wrote an idiosyncratic farewell letter to Groupon employees, saying: “I was fired today.” On Wednesday, the firm said quarterly losses had widened last year. Groupon shares had plummeted 24 per cent on the results.