Groupon will be one of those words to enter the new Oxford Dictionary to replace the word 'failure'
Groupon chief Mason keeps his job - despite rubbish share price
Groupon boss Andrew Mason has managed to hang on to his seat at the top, despite rumours that the board was considering giving him the boot. Reports that Mason's days might be numbered first appeared on AllThingsD, after which Mason said at a conference that he thought it would be strange if the board didn't consider sacking …
Friday 30th November 2012 17:57 GMT Grikath
Friday 30th November 2012 18:57 GMT Tom 35
Friday 30th November 2012 18:59 GMT ItsNotMe
"If I ever thought I wasn't the right guy for the job, I'd be the first person to fire myself."
It is so heart warming to know that there are still humble people in this world. Especially around the hoildays.
You'll have to excuse him now...he has to go and give himself a raise, for the wonderful work he's done on the stock price this year.
Friday 30th November 2012 19:51 GMT Deadlock Victim
Friday 30th November 2012 22:05 GMT asdf
Friday 30th November 2012 23:03 GMT chris lively
Just a bad idea
Whether they fire him or not is moot. The whole concept isnt an idea that really works on a scale to justify the expense.
First off, the profit margin is extremely low. So you need a huge amount of volume to make it work Second, companies do this in order to get people into their stores in the hopes those people will buy something else. The reality is: that doesn't happen; or at least it doesn't happen enough to justify the insane discounts necessary to even show up on a deal site.
So companies have "learned" to put black out dates or other restrictions on the offer which makes it not quite as appealing. People get screwed and bad mouth it. Which, is pretty much exactly what's happened.
The only other thing to do is to be a name brand that everyone recognizes. Unfortunately, everyone I know believes groupon is synonymous with Not a Good Deal and Waste O'Time.
Saturday 1st December 2012 10:16 GMT Khaptain
Web Diarrhea Platform
Personally I see Groupon as belonging to the same group as social media platforms, Facebook, Google+ etc,
"full of promise but severely lacking substance."
Mason is laughing all the way to the bank whether Groupon succeeds or not, he has undoubtedly already received/pocketed a "large" sum of monies for his "undivided attention" and hard graft !!!!!
Mason himself being just another greedy bastard thriving on the ignorance of the population, his intention was never to provide good service and quality. It was to play the middle man for businesses whos profit margins were squeezed for Groupons benefit.
The middlemen really are the parasites of this earth, they do nothing substantial but manage to reap most of the profits.
Monday 3rd December 2012 13:08 GMT Master Rod