Groupon co-founder Andrew Mason took one for the team.
Shares of the daily deals pioneer have rebounded since Mason was bounced as CEO last week.
The stock — which plunged nearly 25 percent on a dismal earnings report that led to Mason’s ouster on Thursday — has recovered all of those losses and then some in the past few days.
Yesterday, the shares rose another 3.97 percent to close at $5.64.
Mason said in his quirky farewell letter that he hoped his departure would lift the share price.
“It’s time to give Groupon a relief valve from the public noise,” the 32-year-old wrote in his humorous note.
Wall Street had been clamoring for Mason’s dismissal, with analysts expressing little faith in his ability to turn around the company.
Chief Financial Officer Jason Child, speaking at a conference yesterday, said Groupon is looking for a new CEO but won’t alter its business model.