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 everlouder 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