Master Card Masters the Market
Wow.
MasterCard, the over-arching brand behind the cards issued by literally thousands of banks went public. I am a financial ignoramus and didn't know that til the 1st when they posted uber profits vs. the third quarter of '05 (pre-IPO).
Visa is apparently green with envy over the green raised by MasterCard's very successful IPO and is in the process of merging several Visa companies (Visa US, Visa Canada, etc.) in preparation for an IPO of their own.
So, if I buy stock in MasterCard using my MasterCard, will that make it the card that pays me back... Or is that Discover? and does anyone know if Discover is publicly traded?
--For the real skinny, check out THIS article at BusinessWeek.com--
MasterCard, the over-arching brand behind the cards issued by literally thousands of banks went public. I am a financial ignoramus and didn't know that til the 1st when they posted uber profits vs. the third quarter of '05 (pre-IPO).
Visa is apparently green with envy over the green raised by MasterCard's very successful IPO and is in the process of merging several Visa companies (Visa US, Visa Canada, etc.) in preparation for an IPO of their own.
So, if I buy stock in MasterCard using my MasterCard, will that make it the card that pays me back... Or is that Discover? and does anyone know if Discover is publicly traded?
--For the real skinny, check out THIS article at BusinessWeek.com--
posted by Dy at 7:26 AM
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