The Week -
9 Feb 2015 19:07
Andrew Mason, the founder of Groupon, was ousted as the company's CEO two years ago. That fact doesn't seem to bother Mason, though: He now thinks Groupon was a "stupid, boring idea that just happened to resonate," according to a new interview with The Seattle Times. Mason is now working on Detour, an iPhone app that offers audio tours of major cities. Under his leadership, Groupon was valued at $13 billion in 2011. But by 2013, its stocks plunged by almost 80 percent below its IPO of $20, which...
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