Groupon's CEO admits that the company's been acting like a bunch of irresponsible kids. In an article published by the Wall Street Journal, CEO Andrew Mason explains that Groupon has been behaving inappropriately.

"We're still this toddler in a grown man's body in many ways," he said, before going on to admit that recent financial issues at Groupon were "the latest in a string of just us making an example of how bad we are at being a public company. We have to get good at this."

He added that if the company is to succeed, it must slow down and focus on fewer initiatives, including on "quality and control" and "not taking stupid risks".

Mason was drinking beer throughout the closed door employee meeting, a habit which he probably shouldn't be doing when attempting to address employees with a serious message. [Wall Street Journal]