Uncertainty over future
Groupon CEO Andrew Mason is refusing to comment on his continued role in the company as well as rumours of a possible takeover, after reports of an acquisition by Google boosted the firm’s shares last week. According to StrategyEye Mason’s position at Groupon looks precarious as the company continues to underperform financially, with the board considering a change of CEO. Despite widespread scepticism of an offer by Google, Mason refused to deny the reports outright, fending off questions during a conference appearance in the US this week.
“We never have and never will comment on any of the unsubstantiated rumours in the press. There’s nothing I can say about that,” says Mason of the Google rumours.
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