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-- -- commend Dennis Neil Fox Business our correspondent is here with this in the in the studio this morning morning Dennis morning guys you and -- a lot of things and if you want to weigh in on this whole Chrysler bailout at all.
-- interesting interview with with marching on -- -- the stuff I always lamented the buyout I thought that the job losses potential is vastly overstated.
I thought it's a joke to say the two million jobs -- at stake when.
The industry itself employed only 865000.
Yeah and Wal-Mart alone employs -- Lance -- we were about one -- -- -- -- -- so that the Italians could control it's a thing I was trying to get -- listening in obviously you were centric but -- trying to get this point of what could they've just filed for bankruptcy you know.
Could it just file for Chapter Eleven they worked their way through it and he says now the -- the the success of that where the opportunity for success have been very low.
Well -- you continue to back up what he's been saying all along is that we didn't do we did in taxpayers didn't take this one point three billion dollar loss that the consequences would have been significantly.
Yeah well that's his -- say that but that assumes that.
Once pressure shut down no one would have come in and bought it and done something with the right right of course someone would have that's the -- capitalism works hard and -- always come -- and try to create new wealth on the on the wreckage of of something else -- nor totally agree with you there Dennis deals with us from fox business and Imus in the morning program -- talking to Sergio march the only about a possible like yelled Chrysler.
Meantime big story now and you were reading about it -- the last couple days about Groupon.
Technology company and the IPO there at what an opportunist -- what they wasted no time did they once linked Lincoln came out and sort.
And one reason Lincoln sort I felt like -- because it was the only girl to dance with the only way for a public investor in the regular markets to be able to -- It NM real social network company now comes -- right away that kind of right on that same way.
You wonder whether we're creating another bubble -- all of this because here's group by I was -- destroy the journal that about it this morning in your take is on it.
That here's a company with at least amount of revenue.
Not very much not any profit for me that was the big money will -- to -- first of -- it.
The revenue in the first -- 650.
All right where's -- Linkedin a hundred million -- -- hundred million registered he's got 650 million almost on eighty million registered user group on that was great but then a loss of more than a hundred million and a warning that says oh and the losses are going to increase significantly for the foreseeable future.
First of all what do you think about this school -- I was just looking at Linkedin Linkedin still trading at nearly eighty -- debuted at forty facts that you know if I paid -- that first day.
I'm miffed why you're not happy right now that being said you look at -- -- -- -- argument with -- -- -- that's not as much of a household name.
Arguably group -- -- would you agree is a bit more of a household name out.
Eric is my big problem group on every time we see that then by the way I'm gonna be wrong about everything I say in expressing -- about Groupon the IPO will come out public -- -- -- -- quickly what it does you wanna sell half and keep the other -- for possible -- I'll be wrong because journalists are never wrong we're just early okay course but but how many Americans truly use coupons a lot now what proportion of the population and is this valuation.
Assuming that static entire -- coupon users move to electronic -- -- assuming that one day.
Everyone in the nation will be using group laws so so I just -- -- the expectations are I think.
-- this living -- as the biggest rivalry they just did a deal with Amazon yeah where they -- where suddenly.
We've got a big rival just like that's a lot of guys in -- -- saying the barrier to entry on this is way too low and they worry about it -- whereas Google.
That -- -- things kind of hard to get.
Yes hard to get right and he and get a ball exactly because of the algorithms involved -- -- and anybody else and you think somebody can copy -- Dennis thank you very much for coming on fire.
Campbell talked against in Dennis -- for -- fox this is.
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