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FBN's Shibani Joshi on discussions about Groupon CEO Andrew Mason's future at the company at the company.
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Pretty much so from one deal site to another at this time -- group on.
And the board meeting to decide the fate of the CEO there -- his future with the company and it's about a judge she's covering additional -- of all things tech and joins us from the newsroom -- highs from one pain in the -- citing another Andrew Mason is CEO and founder of Groupon.
Seems and that writing may be on the wall for his numbered days at -- company yesterday when the ouster rumors hit the markets.
The stock price jumped up about 12%.
Clearly shareholders like PA ID yet.
Some fresh blood acted daily deals site now the company has been plagued by -- host of issues for -- -- very long time even before the company went public that Andrew Mason can't seem to get his hands around some of the greats and investors have a the company.
One accounting issues still persisting existed before the IPO they still exists today.
Margins are on that decline the company posted a third quarter loss of about three million bucks.
Also international growth remains slow and also.
Senior management retention remains an issue you know you -- can't -- good people it's hard to get stellar results.
Now probably the biggest gripe that investors happened this company however it is it that stock price take a look at how the company.
Has spared -- since becoming public.
The share price is down about seventy to 80% depending on that day a look an -- Since it IPO would not necessarily good performance and not necessarily a check mark in the favor of Andrew Mason.
Even still he acknowledges all of his short how many shortcomings.
And says even still he is.
But ultimately the board of directors we'll have the final say as to whether or not Andrew -- keeps his job -- they put another person in his place.
The board meets today it's a regularly scheduled meeting there and talk about a whole host of issues business issues as well as leadership issues.
And that's -- we'll learn more us whether or not Andrew Mason will be able to keep his job are not thank you so much from -- and we're awaiting.
