Google: Just Part Of The System
Allen Sloan at the Washington Post likens Google to a young, fresh faced politician who vows to clean up the system, like Jimmy Stewart in "Mr. Smith Goes To Washington". He's talking about how Sergey Page and Larry Brin seemed determined to use Google's clout to break the Wall Street system of IPOs, but he argues that Google played right into that system, which is why we're seeing the stock continue to rise.

I'm not writing this because I've been consistently wrong in my prediction that Google stock will fall. I'm writing because I'm fascinated by the way that even after a popped bubble and endless Wall Street scandals, the system still works largely the way it used to. Even when a stock issuer like Google says it doesn't want to play the game.

(via Findory)

- posted by Nathan Weinberg @ 10/05/2004 07:26:00 AM