Latest Andrew Mason Stories

2014-07-29 12:42:00

NEW YORK, July 29, 2014 /PRNewswire/ -- Groupon, Inc. (NASDAQ: GRPN) is a global leader in local commerce, making it easy for people around the world to search and discover great businesses and merchandise. Groupon acts as a third party marketing agent by selling vouchers ("Groupons") that can be redeemed for products or services with a merchant. Groupon also sells merchandise directly to customers in transactions for which the company is the merchant of record. Over 50% of its...

2011-06-03 05:10:00

Deal-of-the-day website Groupon filed for an initial public offering (IPO) on Thursday seeking to raise upwards of $750 million, giving shareholders a chance to invest in the fast-growing company. However, Chicago-based Groupon, which will trade under the symbol "GRPN," did not provide the number of shares being offered or provide a date for the listing on Wall Street. Groupon, which has benefited from exceptional growth with its online coupon-deals business, reported a net loss $102.7...

2011-02-12 06:25:00

Coupon deal-of-the-day site Groupon said it is pulling a series of commercials that first appeared around Super Bowl XLV after critics said they poked fun of Tibet, whales and the Amazon rainforest as if they were unimportant. Andrew Mason, CEO of Groupon, announced the decision to no longer show the controversial ads in a blog post on Thursday. "Five days have passed since the Super Bowl, and one thing is clear -- our ads offended a lot of people," said Mason. "We hate that we offended...

2011-01-24 13:57:40

Groupon's founder and Chief Executive Andrew Mason told reporters on Monday that the daily deals website is considering an initial public offering and is in talks with bankers. "We've met with a bunch of bankers, we're exploring whether or not it makes sense for us but we haven't made a decision. We're still in the learning phase," Mason said in an interview at the DLD media conference in Munich. Reuters reported that Groupon was meeting with bankers to explore prospects for a "meaningfully...

Word of the Day
  • One of a religious order living in a convent or in community; a monk: opposed to anchoret or hermit (one who lives in solitude).
  • A social bee.
This word comes from the Latin 'coenobium,' convent, which comes from the Greek 'koinobios,' living in community.