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MarketFoolery

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4.7 • 1.7K Ratings

🗓️ 24 September 2015

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

Groupon lays off 10% of employees as it tries to stay afloat. Instagram hits the 400-million user mark. Plus we discuss the state of GoPro, alternatives to cash, and Pope-inspired beers.

Transcript

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0:00.0	It's Wednesday, September 23rd.
0:03.8	Welcome to Market Foolery.
0:04.9	I'm Chris Hell joining me in studio today
0:06.6	from Motley Fool Rule Breakers and Supernova,
0:08.9	David Kretsman, and Aaron Bush.
0:11.1	Happy Wednesday, Janz.
0:12.2	Hey Chris, happy Wednesday.
0:13.0	Good to have you in here.
0:15.0	We're going to dip into the full mail bag.
0:18.0	We're definitely going to talk about GoPro.
0:20.0	We're definitely going to talk about GoPro.
0:22.0	I've been getting emails about and tweets.
0:24.9	What is going on with GoPro? We're going to get to that.
0:27.9	Let's start though with Groupon shares down more than 6% this week and the latest news is that they are laying off
0:35.2	10% of the workforce and exiting 7 countries as they try to write this ship
0:41.9	David and
0:43.4	where are we with Groupon now?
0:49.4	I mean, I think that for anyone who's watched it since it first became public and there was the initial
0:56.6	enthusiasm and it was very much in growth mode as it probably should have been.
1:03.0	But now I just look at it and I think how much longer is this company going to either
1:08.7	still be existing or still be existing on its own because the market cap has dropped to the point where I think it's about 2.5 billion now.
1:16.0	Yeah, it's dropped quite a bit and you mentioned the initial enthusiasm that didn't last very long at least for investors.
	...

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