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FEB 28, 2013 - Business Insider

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ANDREW MASON OUT AS GROUPON CEO — STOCK SPIKES AFTER HOURS

It's happened. Andrew Mason is out as CEO of Groupon, according to a release from the company just now. In a separate email to employees, Mason bluntly states that he was fired. The stock is surging nearly 8% after hours, but the stock fell nearly 25% today after reporting dismal earnings last night. The company has not named a permanent replacement yet. The departure of founder Mason has been speculated about for quite some time. And just yesterday after the earnings report, our Owen Thomas speculated that Mason was not likely to last much longer. And last November, the subject of his ... Read More

Tags: ANDREW MASON OUT AS GROUPON CEO — STOCK SPIKES AFTER HOURS,  Sequoia Capital Latest News