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Groupon woes go far beyond the corner office

Reuters Breakingviews delivers agenda-setting financial insight. Its global correspondents react to stories as they develop, delivering sharp and provocative commentary on big financial news as it breaks.

Groupon’s woes won’t end by firing chief executive officer Andrew Mason. The troubled Internet daily deal firm’s stock rallied around 5 per cent after the board sent its witty boss packing. But with overseas operations a mess, coupons in decline and a controversial chairman calling the shots, the company has bigger problems.