Feeds

Groupon's retail chief heads for the door... after just 1 year

Office supplies... mmm. We hear there's money in that

Choosing a cloud hosting partner with confidence

Groupon's head of retail is leaving the beleaguered voucher bazaar after just one year in the job.

Faisal Masud, who joined Groupon from eBay to run its Goods division, will be leaving at the end of this month to develop ecommerce at office supplies firm Staples.

Groupon Goods is the daily deals site's alternative revenue stream, set up to sell products in competition with the likes of eBay and Amazon. The unit has provided a bright spot in the company's earnings reports as the appetite for its discount vouchers fades, although it's still too new to be a surefire rescuer for the firm.

After debuting to much pomp and ceremony back in 2011, Groupon has proved one of the most disappointing of the internet startups to go public, reporting increasingly poor results and steadily losing value.

CEO and co-founder Andrew Mason, who had hung onto his seat with all the tenacity of a bulldog, was finally let go in February this year, but not before a string of top execs left the firm for pastures they doubtless hope are greener.

The voucher vendor has yet to hire a new permanent chief exec, relying for the moment on executive chairman Eric Lefkofsky and vice chair Ted Leonsis. ®

Security for virtualized datacentres

More from The Register

next story
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.