So Apparently Groupon’s CEO Was Unhinged
This past week we wrote a post about an interesting memorandum Groupon’s CEO sent around to all of his employees which caused me to ask the question whether he was unhinged or scary brilliant?
Now it appears it was the former.
Now comes word via Forbes.com that the SEC may delay Groupon’s IPO because of that very memorandum.
As explained in the NY Times:
Groupon’s initial public offering is about to hit some very rough turbulence.
The reason is that the Securities and Exchange Commission may force a postponement of the offering. The problem arises from an e-mail apparently sent last week by Groupon’s chief executive, Andrew Mason, to thousands of Groupon employees.
Forbes details what a “quiet period” is and why Groupon may have violated it with the CEO’s memo.