Kara Swisher

Recent Posts by Kara Swisher

Exclusive: Groupon President and COO Rob Solomon Steps Down

Sources close to Groupon, the social buying site, said its president and COO, former Yahoo exec Rob Solomon (pictured here), is stepping down from his job.

It’s not clear what the reasons for Solomon’s departure are, but the move seems to be sudden. It is also unusual given the fast-track trajectory of Groupon, which is currently considering an IPO at gigantic badillion-dollar valuations.

Nonetheless, CEO Andrew Mason just sent out a short email to staff about the move. BoomTown had sent him a query earlier today inquiring about the possibility of Solomon’s leaving.

In the email, sources said, Mason said Solomon was moving back to “‘God’s Country’ in Woodside, CA” from Chicago, where Groupon is headquartered.

Mason praised Solomon for his work in the lightning growth of the start-up and noted “he will remain a friend and advisor to the company into perpetuity.”

Apparently, though, from a faraway seat in God’s Country in Silicon Valley.

More to come, obvi


comments so far. Add yours.

  • http://www.facebook.com/profile.php?id=500028932 Matt Heist

    wonderful person and leader. looking forward to seeing what he does next.

  • Anonymous

    wow, seriously?

  • http://www.gadginator.com Dunnion

    Sounds like there has to be some kind of behind the scenes drama.

  • Anonymous

    Whatever the reason, this is a catastrophic loss for Groupon. Absolutely catastrophic. They don’t come better than Rob.

  • http://www.facebook.com/people/Pishabh-Badmaash/100000345226234 Pishabh Badmaash

    I surprised at this move, but not really

  • Anonymous

    lol, all I can say is adios and good riddance. Hasta La Vista baby!

  • http://www.facebook.com/profile.php?id=726140583 Anonymous

    It might be linked to Facebook’s official launch of “Deals”, which is a direct and aggresive competition against Groupon.
    It’s a smart move to leave while the business is still up and running, before a trend reversal in their incomes.

  • http://www.facebook.com/nickatkins Nick Atkins

    Welcome home Rob!

  • http://profiles.google.com/badidemir Badi Demir

    no wonder a good guy like him is leaving. Take a closer look at Groupon´s business policy and contracts, you will see that he is smart by leaving the sinking ship. No doubt that with this aggressive strategy they will hit the ground. I am not working for competition, I did a deal with them and they cheated!

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I break down a product the same way I break down a character I’m going to play. I try to get inside the mind of that person — the user, the consumer — and figure out why they’re doing something and what they want from it.

— Ashton Kutcher’s investing philosophy