Groupon fires CEO

Groupon fires CEO

CNN: Groupon fired Andrew Mason as chief executive officer.

Rumors surfaced late last year that the board was looking to oust Mason, following terrible third-quarter results. The news of Mason's exit comes one day after Groupon reported yet another dismal quarter.

"I've decided that I'd like to spend more time with my family. Just kidding -- I was fired today," Mason wrote in a memo he posted to Jottit.com, which promptly crashed. "If you're wondering why... you haven't been paying attention."

Read more.