Facebook Launches Zuck Bucks
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 18 June 2019
⏱️ 21 minutes
🧾️ Download transcript
Summary
Facebook unveils its new digital currency. Sotheby’s goes private. And a new bill on Capitol Hill aims to level the playing field for investors. Bill Mann analyzes those stories, as well as the latest food business in Germany and a surprising liquor story from Canada.
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Transcript
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| 0:00.0 | This episode of Market Foolery is supported by NetSuite, the business management software |
| 0:04.2 | that handles every aspect of your business in an easy-to-use cloud platform. |
| 0:09.2 | Download their free guide, seven key strategies to grow your profits today at net suite.com slash fool. |
| 0:17.0 | It's Tuesday June 18th. |
| 0:20.0 | Welcome to the market forward. I'm Chris Hill, with me in studio. Bill Mann, thanks for being here. |
| 0:25.9 | You know, Chris, for a pretty thin news day, we have a pretty exciting slate of things to talk |
| 0:31.8 | about. I'm pretty excited. Yeah, we do have a bunch of things because yeah, I'm not going to lie. Last night I was looking and thinking I don't know I |
| 0:40.1 | I really hope the news fairy shows up. |
| 0:42.8 | In some ways the news fairy did show up. |
| 0:46.0 | We do have a well-known company that's being taken private and we do have the latest in international |
| 0:50.3 | food and beverage news. |
| 0:51.8 | We've got to start that with Facebook. |
| 0:55.0 | Facebook announced it is leading a consortium creating a new digital currency called |
| 0:59.8 | Libra, we'll put aside the name for the moment, that's set to launch early next year. |
| 1:05.2 | The Libra currency is, this is not going to be run by Facebook, it's going to be run by a nonprofit |
| 1:11.4 | association. |
| 1:12.5 | Well, are you, let's start here. |
| 1:18.0 | Are you excited about this news? |
| 1:21.2 | Do you think this is promising for Facebook the stock or like what is your |
| 1:26.0 | reaction to this news because mine was one of mild, ever so mild revulsion. |
| 1:33.3 | Revulsion, I love that. |
| 1:35.9 | So, um, so first of all, there's a guy on Twitter named Lone Oak Capital, |
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