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Groupon GALLERY.
IMAGE DISTRIBUTED FOR GROUPON - From left, Roger Jackson with Groupon talks with Richard Crone and Heidi Liebenguth with Crone Consulting in San Carlos, Calif., about Breadcrumb by Groupon at the National Restaurant Association Tradeshow at McCormick Place, on Sunday, May 19, 2013 in Chicago. Groupon highlights the company's marketing and Breadcrumb by Groupon point-of-sale and payments at the tradeshow. IMAGE DISTRIBUTED FOR GROUPON - Fro
IMAGE DISTRIBUTED FOR GROUPON - Seth Harris, founder of Groupon's Breadcrumb point-of-sale system, talks with exhibitors at the National Restaurant Association Tradeshow at McCormick Place, on Sunday, May 19, 2013 in Chicago. Groupon highlights the company's marketing and Breadcrumb by Groupon point-of-sale and payments at the tradeshow. IMAGE DISTRIBUTED FOR GROUPON - Set
IMAGE DISTRIBUTED FOR GROUPON - Groupon booth is seen at the National Restaurant Association Tradeshow at McCormick Place, on Sunday, May 19, 2013 in Chicago. Groupon highlights the company's marketing and Breadcrumb by Groupon point-of-sale and payments at the tradeshow. IMAGE DISTRIBUTED FOR GROUPON - Gro
Ted Leonsis (L) and Eric Lefkofsky, Groupon co-CEOs, give an interview to CNBC on the floor of the New York Stock Exchange, May 16, 2013. Ted Leonsis (L) and Eric Lefkofsky,
Employees and guests of Groupon ring the opening bell in celebration of the company's IPO at the Nasdaq Market in New York in this November 4, 2011 file photo. Groupon Inc. reported better-then-expected quarterly revenue May 8, 2013, and shares of the world's largest daily deals company rose more than 10 percent. Employees and guests of Groupon rin
Groupon Inc fired Andrew Mason as chief executive officer on Thursday, ousting a co-founder who captured headlines with his quirky style but failed to reverse a crumbling share price or stop a gradual erosion of its main daily deals business. The leader in Internet daily deals launched a search for a new leader to turn the company around, the same day its stock slid 24 percent after a dismal quarterly results report. In an unusually candid post-firing letter, Mason - known for his atypical sense of humor -confessed he was getting in the way of the company he co-founded just a few years ago, and had failed in his role as leader. 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. If you're wondering why... you haven't been paying attention, Mason wrote in a memo addressed to the People of Groupon and made available to emReuters/em. [caption id=attachment_644442 align=alignleft width=380 Groupon Inc fired Andrew Mason as c
People enter and leave Groupon Inc corporate office and headquarters in Chicago, Illinois in this November 4, 2011 file photograph. Groupon Inc lost a quarter of its market value on February 27, 2013 after the largest daily deal company reported disappointing quarterly results and issued a weak forecast. People enter and leave Groupon Inc
The Groupon smartphone app is displayed on a Motorola Droid Bionic cell phone in Denver in this November 4, 2011 file photograph. Groupon Inc lost a quarter of its market value on February 27, 2013 after the largest daily deal company reported disappointing quarterly results and issued a weak forecast. The Groupon smartphone app is displ
Groupon and its compatriots in the much-hyped daily deals business were supposed to change the very nature of small-business advertising. Instead, it is the daily deal vendors that are racing to change as evidence mounts that their business model is fundamentally flawed. Groupon last week reported another quarter of disappointing earnings as its core business stagnated, sending its stock down 30 percent to an all-time low of $2.76. Its biggest rival, Living Social, is piling up losses, and part-owner Amazon.com earlier this month recorded a quarterly loss after writing down its Living Social investment. Both companies are racing to diversify, venturing into more generic ecommerce areas like off-price sales through ventures such as Groupon Goods and LivingSocial's Shop. Meanwhile, upstarts are developing new variations on the discount coupon theme. [caption id=attachment_522816 align=alignleft width=380 Groupon and its compatriots in the
A man looks at an ad as he walks past a bus stop near the Groupon Inc corporate headquarters in Chicago, Illinois, in this November 4, 2011 file photo. Groupon Inc's results again fell short of Wall Street's already-cautious expectations as the daily deal company failed to turn around a struggling European business, sending its shares to a record low. The company also confirmed on November 8, 2012 that it cut about 80 employees, mainly in sales, as part of an effort to automate and streamline the way its daily deals are sourced and distributed. A man looks at an ad as he walks pa
CHICAGO, IL - OCTOBER 04: Brad Keywell co-founder and Director of Groupon reads to children at Bright Horizons on October 4, 2012 in Chicago, Illinois. CHICAGO, IL - OCTOBER 04: Brad Keyw
An online coupon sent via email from Groupon is pictured on a laptop screen in Los Angeles in this November 29, 2010 file photograph. Groupon Inc, the world's largest online daily deals provider, is reshuffling senior management roles in an attempt to fix its struggling European business -- a shake-up that will also include the departure of Veit Dengler, chief of international business. To match Exclusive GROUPON-MANAGEMENT. An online coupon sent via email fro
This undated image provided by Groupon shows the company's new payment service launched Wednesday, Sept. 19, 2012, that allows businesses to run credit cards using an iPhone or iPod Touch. The announcement sent shares of the Chicago company 7 percent higher in morning trading on Wednesday. This undated image provided by Grou
Rajen Ruparell, Vice President of Global Sales at Groupon speaks at the Reuters Retail and Consumer Summit in New York, September 14, 2012. Rajen Ruparell, Vice President of G
Groupon Chief Executive Andrew Mason (L) prepares for the opening bell ceremony celebrating his company's IPO at the Nasdaq Market in New York in this November 4, 2011 file photograph. Groupon Inc reported second-quarter revenue that missed Wall Street expectations on August 13, 2012, sending shares of the world's largest daily deal website down 20 percent to a record low. Groupon Chief Executive Andrew Maso
People attend a beer history event at Living Social in Washington on June 26, 2012. Online coupons are last year's news. That is the view from number two US online deals firm Living Social, which is battling sector leader Groupon by offering what excutives call 'unique' or original experiences that are not simply linked to discounts. People attend a beer history event