The daily deals world is awash in financial woes, and LivingSocial is no exception. After a net loss of $566 million in the third quarter, the company is now reportedly about to cut jobs.
"I would be the first person to fire myself if I didn't feel I were the right guy for the job," Andrew Mason says, but so far he isn't stepping down.
With the stock in a free fall and Groupon's board meeting this week, Andrew Mason's tenure as CEO reportedly faces opposition.
At TechCrunch Disrupt in San Francisco today, the LinkedIn founder -- and one of Facebook's first investors -- says he still thinks the social network has strong fundamentals.
The company continues its push to bring in more business-savvy professionals after an accounting snafu led to a higher fourth-quarter loss.
The daily-deals provider is watching its shares tank to under $6 as investors grow more concerned about its future.
The daily deal pioneer made money in the latest quarter. But sales were weak, and the stock is tanking.
This could well be a preview of Facebook's stock when its lockup agreement expires in a few months.
Groupon's first quarter results were better-than-expected. Executives touted growth and argued the accounting hubbub is behind the deals company.
Online shoppers pay with cash, White House takes aim at CISPA, and Groupon hopes to show its grown-up side.
Andrew Mason says daily deals site has no margin for error, while blaming "too much beer" for difficulty speaking.
Groupon rushed its IPO and is now paying the price, while Facebook's patience is about to be rewarded.
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