Monday, August 23, 2004
Google IPO Receives Praise From Some, (Questionable) Criticism From Others
Two main Google stories on Google News - Business today: First, The Street is praising Google for sticking to its guns and winning, while explaining that Google won't start a revolution. Google's IPO was very rocky, and the only reason they survived was in spite of it, not because of it. On the other side of the coin, the Guardian points to an influential investor advisory group, who says Google has the worst corporate governance in the S&P 500. Of course, you must remember that groups such as this one lost a lot of money on Google's IPO, because Google refused to play their game. The bad blood from the investment community will take a while to fade.