Groupon Cans CEO Andrew Mason

    Andrew Mason, founder and CEO of Groupon, attends his company's IPO at Nasdaq, Friday, Nov. 4, 2011 in New York. Groupon, the company that pioneered online group discounts, saw its stock climb by nearly a third in its public debut Friday, showing strong demand for an Internet company whose business model is considered unsustainable by some analysts.(AP Photo/Mark Lennihan)

    Mark Lennihan/AP

    Groupon, the online coupons pioneer, has ousted its CEO, Andrew Mason. The announcement came today after the stock tumbled on news of disappointing earnings. The young CEO has been a lightning rod for criticism as the daily-deal company has burned through cash rapidly.

    Read it at The Daily Beast