Andrew Mason -- founder of daily-deal site Groupon -- has been stiff-armed out of power, according to The Next Web. The announcement comes after an ugly fourth-quarter financial performance, and a generally anemic stock price.
Mason wrote in a let[...]
According to the Wall Street Journal, LivingSocial announced in a memo on Wednesday that they raised $110 million from existing investors. In a memo to employees this morning, CEO Tim O’Shaughnessy characterized the action as an “equity” round – esse[...]