Loren Feldman "Andrew Mason and GroupOn Should Be Ashamed".
GroupOn is a total failure and the Andrew Mason's CEO resignation letter is an arrogant, smug pile of filth.
Andrew Mason is like Ken Lay or Bernie Madoff. Small business people get screwed, and he has no conscience.
Why does the tech community think this is cool or funny? Is Silicon Valley that idiotic and corrupt?
Discount coupons generally are used by shoppers who want a quick savings. They tend to fail at generating repeat business. Coupon shoppers hop from one discount to another, with no brand or store loyalty. Small business see some revenue, but lose by paying coupon website listing fees and offering merchandise or services at steep discounts.
FURTHER READING:
BusinessWeek: "Firing Andrew Mason Won't Save Groupon"
Forbes "Don't Cry for Groupon's Andrew Mason"
New Yorker "Groupon's Bad Deal"
The Week "The Rise and Fall of Groupon"
Wharton "What's the Deal with Groupon?"
The Motley Fool "Groupon Doesn't Need a New CEO"
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