This Is Why Groupon Can’t Have Nice Things

Rule of thumb, CEOs: Never admit to overdoing it.

It’s been a long tumble from the height of the hype cycle for Groupon. Stock performance has been lackluster, and there’s an ever-louder chorus of doubts about the business model. So yesterday probably wasn’t the best time for CEO Andrew Mason to get caught by The Wall Street Journal admitting to a roomful of employees that he’d maybe had a little too much to drink. Whoops!

The Journal does not sound amused: Read More