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Groupon Riding the LinkedIn Wave

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  • Description

    FBN’s Dennis Kneale breaks down Groupon’s preparation for an IPO.

  • Duration 3:37
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Set for that.

Well 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 a missile Chrysler bailout at all.

With interesting interview with with marching on -- side of 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 two lance what we -- about one -- -- we -- him so that the Italians could control it's a thing I was trying to get undated listening and obviously you were -- but -- trying to get this point of what could -- just filed for bankruptcy you know.

Could -- just file for Chapter Eleven -- 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 days say that but that assumes that.

Once -- 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 late capitalism works hard and will always come in and try to create new wealth on the on the wreckage of of something else yeah -- totally agree with you there Dennis deals with this from fox business and Imus in the morning program it's -- Sergey march you only about a possible like yelled Chrysler.

Meantime big story now and who reading about -- over 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 is because it was the only girl to dance with the only way -- a public investor in the regular market to be able to investigate.

It NM real social network -- -- -- -- 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 -- this amount of revenue.

But also.

Not very much not any profit for me that was the big money will -- to Steiner's first of -- -- -- The revenue in the first -- 650.

Million almost.

Our -- are -- -- a hundred million on a 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 -- what do you think about this school that I just looking at Linkedin Linkedin still trading at nearly eighty bucks debuted at forty facts that you know if I paid 120 that first day.

I'm mixed like you're not happy right now that being said you look at group on a -- argument with Linkedin was that's not as much of a household name.

Arguably group -- and would you -- is a bit more of a household name out there don't have.

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 doubt about group on the IPO will come out -- -- -- -- -- quickly what it does you wanna sell half and keep the other -- for possible upside I'll be wrong because journalists are never wrong we're just early okay -- but but how many Americans truly use coupons a lot now what proportion of the population and is this valuation.

Assuming that static entire share coupon users moves to electronic -- -- assuming that one day.

Everyone in the nation will be using -- -- so so I just wanna with the expectation is our I think.

-- this living socialism biggest -- -- just did a deal with Amazon yeah where they -- where suddenly.

You've got a big rival just like that's a lot of guys -- -- -- saying the barrier to entry on this is way too low and they worry about it are whereas Google.

That search into things kind of hard to get.

Yes hard to get right and he and again -- exactly because of the algorithms involved and you better -- anybody else and you think somebody to copy -- by Dennis thank you very much for coming on -- there.

Campbell talked against in Dennis -- -- -- fox this is.

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