Sydney: The CEO of Groupon, who was sacked after the struggling daily deals firm's share price plunged 24 percent, has posted an honest memo to his staff online explaining why he has been fired.
In his note addressed to the ''People of Groupon'', Andrew Mason admitted being accountable for the events that went wrong during the past one and a half year, reports News.com.au.
He expressed his love for Groupon, adding that he is "terribly proud" of what they have created. He said he is "okay" with having failed at this part of the journey. He said he take time out to figure out how to channel the experience into something productive. Mason said his biggest regrets are the moments that he let a lack of data override his intuition on what''s best for his customers.
First Published: Saturday, March 02, 2013, 09:46