Drift Net > e-business
The Google Gamble
The widely anticipated auctioning off Google's IPO is nothing more than a turn of the roullete wheel, some believe
by Roshan Abraham | 08.02.2004 ReadMe | Print it.
Henry Blodget writes a compelling argument for the Google IPO auction-the wildly anticipated bidding of the first private Google stock shares-as pure spectator entertainment, on the level of an escapist movie or a "fancy dinner". He also suggests that the smart pundits are going into the media and basically lying through their teeth so that the public does not bid wildly on the stock. Which brings Blodget's entire article under scrutiny, considering he himself writes off the proccess as a money wasting joke that he himself intends to participate in. Well, fuck, if you can't trust Slate, who can you trust?
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