SearchMob!
Recent Comment
Spotlight
Recent Comments
- david: " i believe their sites include butterflyp ..." [go]
- travel india buff: " nice article. ..." [go]
- Matt Cox: " Ace! Although I can't find this individu ..." [go]
- evden eve nakliyat: " very good... www.evden-eve-nakliyeci.inf ..." [go]
- evden eve nakliyat: " very nice blog.... ..." [go]
- AGronowski: " I find the site rather dull. ..." [go]
- John Doe: " This company is tanking, I hope to be ab ..." [go]
- Chris: " Just tried to claim that second profile ..." [go]
- Chris: " I can't believe they think they're ready ..." [go]
- patti: " I received the automated call this after ..." [go]
- kozhanse: " RM To iPod Converter is easy-to-use vide ..." [go]
- John Battelle: " Exactly. I can't believe it either. it's ..." [go]
- Slick Willy: " Bill Clinton connection: this was the co ..." [go]
- slovenie: " ..." [go]
- slovenie: " thank you ..." [go]
- Wille: " Oh, can I do a IPO too? I might only be ..." [go]
PERFECT FOR THAT PERSON WITH EVERYTHING
Order 'The Search'
Yup, it makes the perfect gift for that officemate or colleague who you thought had everything....including you! If you order here, I promise to sign it, assuming we can figure out the shipping...
You can also buy the audio version here.
Check my book page for more info.
Blogger's Rights
Top Posts
- The Database of Intentions (or how this all got started)
- From Pull to Point(or the first post where I riff on the "Point-To Economy")
- Google As Builder (or the point at which Google stopped being simply a search engine)
- On Google v. Yahoo
- TV and Search Merge
- On Sell Side Advertising
- Battelle Gets Searchstreams
- Search and Immortality
- Toward the Endemic (on endemic advertising)
More coming soon...
Active Topics
- 49 comments: Facebook: $6 Billion? Nah. (07.11)
- 14 comments: First Voice Post: Thoughts on Web 2, Google and Auction Game Theory (07.24)
- 9 comments: This Is Not How To Do It - Updated (07.12)
- 8 comments: Gone Fishin' (07.13)
- 7 comments: Facebook: Cooler Than Google? (07.23)
Monthly Archives
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- June 2006
- May 2006
- April 2006
- March 2006
- February 2006
- January 2006
- December 2005
- November 2005
- October 2005
- September 2005
- August 2005
- July 2005
- June 2005
- May 2005
- April 2005
- March 2005
- February 2005
- January 2005
- December 2004
- November 2004
- October 2004
- September 2004
- August 2004
- July 2004
- June 2004
- May 2004
- April 2004
- March 2004
- February 2004
- January 2004
- December 2003
- November 2003
- October 2003
About John Battelle
Searchblog Newsletter
Enter email to subscribe to "Re-Find", Searchblog's weekly newsletter:
Calendar
| Su | Mo | Tu | We | Th | Fr | Sa |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | |||
| 5 | 6 | 7 | 8 | 9 | 10 | 11 |
| 12 | 13 | 14 | 15 | 16 | 17 | 18 |
| 19 | 20 | 21 | 22 | 23 | 24 | 25 |
| 26 | 27 | 28 | 29 | 30 | 31 |
Syndicate
Powered by
April 12, 2004 4:15 PM
Cramer: Google IPO Proves System Is Corrupt
A great Cramerian rant on why the Google IPO could be a "train wreck."
Excerpts:
And Google could be worth every penny, at least the pennies that the investment bankers are pitching it for, although it may not be worth what it ultimately ends up trading for. That’s because the disparity between where the bankers price the IPO and where it opens could be the largest gulf in the history of IPOs, in part because neither the government nor the industry has done a thing to fix a system that broke down and descended into corruption and stupidity during the dot-com heyday. Put simply, Google could end up being the biggest IPO, and the biggest IPO train wreck, in history....
When you combine the fervid nature of the Google fans with the fact that all Google fans own personal computers attached to the Web and therefore can access their broker with a keystroke, you get the potentially toxic combination of tons of uninformed buyers clamoring for any piece of Google stock that can be had, either on the deal—unlikely, given that the process favors the big boys—or after it starts trading on the open market. That means Google could have one of those bizarre trading patterns we saw at the height of the bubble in 1998 and 1999, when the bankers brought the deal at $25 and the stock opened for trading at three or four times higher than that.....
Google, the company, may be the real deal, but Google the stock may just show us a return to the bubble days that we all thought had mercifully been put behind us. Or, to put it another way, Google, now synonymous with “to search,” could, the moment it opens for trading, become synonymous with “to fleece.”
- Posted by John Battelle on April 12, 2004 4:15 PM
remember this »- Sphere It
Searchblog Classifieds!
Recent Jobs
Searchblog, in paperback
Searchblog
Print Edition
Get Your Own Print Version of Searchblog
Click here to buy a customized print version of the entire contents of Searchblog.
Comments
Any idea why Google bailed on the auction approach?
Thanks,
Post a comment