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Groupon CEO Andrew Mason says he was fired
CHICAGO, March 1 () -- Andrew Mason, chief executive officer of Groupon, Chicago's Internet deal maker,[url=http://www.christianelouboutinoutlet.com]Cheap Christian Louboutin Shoes[/url], said he would no longer lead the company he founded."After four and a half wonderful years as CEO of Groupon, I've decided that I'd like to spend more time with my family," he wrote in a quirky letter to colleagues."Just kidding," the letter continues, "I was fired today."The Chicago Tribune reported Friday that Mason's departure had been expected. Apparently,[url=http://www.christianelouboutinoutlet.com]Louboutin Outlet[/url], his fate was sealed when Groupon released disappointing fourth-quarter results that showed the company was still struggling. For a while, Groupon, which is not yet 5-years-old, enjoyed a meteoric rise as a high-tech success story. It went from a start-up to the employer of 10,000 workers. But Groupon's downturn has been equally fast.Google offered $6 billion to buy the company in 2010 and Groupon turned down the offer; now the company is worth about $3 billion on the stock market."It's extraordinarily difficult to grow a company as fast as they did and get it all right the first time. The change in leadership will give them a chance to back away from that criticism a little bit and try to keep growing the company," Matt Moog, a Chicago tech entrepreneur, told the Tribune.