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Friday, March 1, 2013

Daily Report: Groupon Dismisses Chief After a Dismal Quarter

Andrew Mason, the irreverent programmer and musician who turned a failed social-action site into the daily deals phenomenon Groupon, was dismissed late Thursday as chief executive, David Streitfeld reports on Friday in The New York Times. The ouster came a day after Groupon reported weak fourth-quarter earnings, which caused investors to shave off a quarter of the company’s value.