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MarketFoolery

MarketFoolery: 09.19.2012

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 19 September 2012

⏱️ 17 minutes

🧾️ Download transcript

Summary

Groupon launches a mobile payment service. A Spanish retailer bucks the European slowdown and reports big profits. And General Motors tries to get Uncle Sam to sell its stake in the automaker.

Transcript

Click on a timestamp to play from that location

0:00.0

Wednesday, September 19th. Welcome to Market Forward. I'm Chris Hill and joining me in

0:05.8

studio today for Motley Full Asset Management, Tim Hanson, and for Motley Full Inside Value

0:10.3

Joe Maker. Happy Wednesday, guys.

0:12.3

Howdy. Good to see you. We Wednesday guys. Howdy.

0:13.0

Good to see you.

0:14.0

We've got a European company that is finding success.

0:16.6

We've got a U.S. company that is feuding with Uncle Sam, but we are going to start with one of

0:21.8

our favorites, and that's Groupon.

0:24.0

Shares a Groupon up more than 9% earlier today, Joe,

0:27.3

after launching a payment service that allows businesses to accept credit cards

0:32.0

using an iPhone or iPod touch.

0:34.4

So the mobile payment industry just got a little bit more crowded.

0:38.6

What do you think of this?

0:39.6

Well I'm glad you mentioned this because I'm excited to announce that I am also

0:43.1

launching a mobile payment service where you'll be able to pay with an iPhone and

0:47.5

it's very interesting. Jomo I'm calling it Jomo I like it. Yeah. It's a nice can I invest you can you can at a three billion dollar valuation that's a bargain

0:59.6

this is a total me Too offering from Groupon.

1:03.9

Square got way, way out in front on coming out

1:07.6

with a really interesting new way

1:09.6

for people to pay with credit cards

1:12.1

with smartphones and tablets. And there have been a lot of

1:14.2

me too offerings probably the most successful and biggest name one has been

...

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