The founder of online voucher company Groupon has been ousted after shares in the firm fell 24% in a single day.
Founder and chief executive Andrew Mason exited following quarterly results showing a fresh loss for the firm. Yesterday its shares dived, adding to the 77% share price fall the business has seen since it floated on the Nasdaq in November 2011, as investors feared its business model is unsustainable, the BBC reports. Mason, who set the firm up in 2008, told staff: "I will miss you terribly". In a note to employees, he said: "After four and a half intense and wonderful years as CEO of Groupon, I've decided that I'd like to spend more time with my family. Just kidding - I was fired ...
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