Breaking: Andrew Mason is out as Groupon's CEO

Reblogged from VentureBeat:

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Groupon founder Andrew Mason is out as CEO, according to a news release, and the company's board is already on the hunt for a replacement.

In the interim, executive chairman Eric Lefkofsky and vice chairman Ted Leonsis are in charge, and the board has appointed them the newly created "office of the chief executive."

The news is no surprise, and rumors have been circulating for weeks.

Read more… 699 more words

Another founder ousted from his own company; what a brutal business.

About appcitylife

APPCityLife, Inc. is a new media publishing company based in Albuquerque, NM, specializing in mobile city guides for living, working, and playing in a community. APPCityLife was named one of the 20 Hottest Startups of 2010 at the San Francisco MobileBeat 2010 conference in July, 2010. The iPhone app APPCityLife currently features an Anywhere Global Search and a rich city guide for Albuquerque, NM. Santa Fe and Rio Rancho, NM will be launched in early 2011 with 10 more cities nationwide to be added later in 2011.
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