groupon

Ousted Groupon CEO Andrew Mason wants to drop some knowledge on the younger generation, so he recorded an entire album of songs about "business wisdom."

Mason is known for having a sense of humor so he's probably joking (let's hope he's joking). Otherwise prepare yourself for seven songs of "motivational business music targeted at people newly entering the workforce," according to his blog entry posted Thursday.

More importantly, Mason is ready to move on to a new gig. He's creating a startup and will mentor startup newbs at Y Combinator. He didn'… Read more

Groupon is not racing to find a new CEO, say the interim leaders who've been running the show since the company's founder resigned earlier this year.

Speaking to The Wall Street Journal in an interview published on Tuesday, Groupon's interim CEOs Ted Leonsis and Eric Lefkosky said that "are not in a rush" to name a new, permanent chief executive, adding that they have only just kicked off the process of finding a replacement.

"We want to bring in a world-class leader, but the talent pool is not huge," Leonsis told the Journal. &… Read more

Google hasn't budged from the No. 1 spot when it comes to its desktop and mobile audience, according to ComScore's latest rankings, but the companies with the most mobile growth are ones that have been struggling to keep investors happy.

Groupon, Zynga, and Pandora's mobile users grew more than twice as much as their numbers for desktop users, according to ComScore's February measurement for the top 50 digital media companies. Of course, the three companies -- which have seen their share of management shakeups and disappointing earnings this past year -- had much smaller numbers to … Read more

Low Latency is a weekly comic on CNET's Crave blog written by CNET editor and podcast host Jeff Bakalar and illustrated by Blake Stevenson. Be sure to check Crave every Friday at 8 a.m. PT for new panels! Want more? Here's every Low Latency comic so far.… Read more

Not waiting for a leak, newly ousted Groupon CEO Andrew Mason made his departing memo public this afternoon.

In it, Mason claims responsibility for missing expectations and the company's stock price, and says that a "fresh CEO" earns the company a chance at a second chance.

Mason also shows a geeky, youthful spirit, making the comparison of running the company this far to the popular, though notoriously difficult 1991 video game Battletoads.

You can read the whole memo below, which Mason linked to in a Tweet:

(This is for Groupon employees, but I'm posting it publicly … Read more

The company announced the management change in a terse statement this afternoon. It said that Executive Chairman Eric Lefkofsky and Vice Chairman Ted Leonsis would participate in a newly created Office of the Chief Executive, effective immediately, serving in this role on an interim basis until the board finds a CEO replacement.

"On behalf of the entire Groupon Board, I want to thank Andrew for his leadership, his creativity, and his deep loyalty to Groupon. As a founder, Andrew helped invent the daily deals space, … Read more

DailyDeal is now back in the hands of its original owners.

The German daily deals site broke the news on its home page today, announcing that founders Fabian and Ferry Heilemann repurchased the site from Google.

A Google translated version of the deal offered the full scoop:

We are pleased to inform you today that we bought back the company as founder and CEO of Daily Deal and Google will now continue on their own. Daily Deal will of course continue the usual services and exciting offers -- just as we have done in the past. In addition, we will … Read more