Groupon Has ‘Never Been Stronger’ as Sales Soar, CEO Says
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Groupon Inc. Chief Executive Officer Andrew Mason said the digital-coupon company is growing and widening its lead over rivals, addressing concerns raised about the business as it prepares for an initial public offering.
“When I read some of the press this weekend, I realized a rational person could read this stuff and wrongly conclude that we’re in trouble,” Mason wrote in a memo sent to employees yesterday that was obtained by Bloomberg News. “The irony is hopefully clear: We’ve never been stronger.”