Groupon CEO Fired: Is the Daily Deal in Trouble?

Was the dismissal related to the crumbling trend?

Caroline Bennett
Caroline Bennett
Mar 11, 2013 at 12:25PM
Technology and Telecom

After Andrew Mason, Groupon's (NASDAQ:GRPN) quirky CEO, was fired on Feb. 28, the future of the daily deal has been uncertain. Other businesses have suffered since the trend's peak -- even LivingSocial hasn't been able to avoid substantial layoffs.

Still, Mason always had a flair for the eccentric, and showcasing a bizarre sense of humor even as his company's financials started sinking. Is his dismissal a sign that the end is nigh for the daily deal era, or that the future could be positive for this struggling company? Fool contributor Caroline Bennett addresses these questions and more in the video below.