Groupon founder admits to 'bush-league mistake' before IPO
Groupon CEO Andrew Mason admits that his team made mistakes before the daily deals site went public late last year, but he defended his performance in guiding the startup's meteoric rise.
In an interview with Lesley Stahl aired tonight on the CBS news magazine "60 Minutes," Mason conceded that his team made a "bush-league mistake" when it misstated its revenues before going public. The Securities and Exchange Commission forced the daily deals provider to revise its filing papers after the company reported that it generated $713.4 million in revenue in 2010, while the SEC … Read more