Slashdot Mirror

← Back to Stories (view on slashdot.org)

Why Wall Street Wants Google to Fail

Posted by CmdrTaco on from the of-course-they-do dept.

Sam writes "The most anticipated initial public offering in years threatens to derail a cherished gravy train, where underpriced shares are handed out to favored investors and grateful CEOs."

6 of 336 comments (clear)

  1. No Purpose? by artlu · · Score: 0, Troll

    As a trader myself, I have seen the message boards of my company have been on fire over the past months regarding Google. there is really no purpose to the IPO. For one, Google has enough money to do what they need to do. What is this influx of capital going to be used for besides making the shareholders more rich?
    Second, why are they demanding share prices in the $100 range when Ebay/Yahoo (company's with more value) are priced significantly less than that?
    Seems like it is a good get-rich off-of wall st. quick scheme that could piss even more investors in America off if the price drops like a rock.
    I for one as a day trader, will not be purchasing GOOG for a long time.
    Aj

    --
    -------
    artlu.net
  2. Dutch IPO and opening price favor insiders by Ars-Fartsica · · Score: 0, Troll

    Do no evil? Get real, its Google.com, not Google.org. Insiders at Google want the highest price possible, and many aspects of the Dutch auction system and the high price Google has set in fact favor fully vested insiders.

  3. Re:"Do No Evil" by Anonymous Coward · · Score: 0, Troll

    Oh, those evil corporations!

    I'm sure you have plenty of first-hand knowledge to back up your ridiculous claim. The proprietor of the patchouli store probably stiffed you once, right?

  4. "They" are a diverse lot. by Futurepower(R) · · Score: 0, Troll


    "They" are the people who want corruption in government. They are a very diverse lot. Some are nothing but criminals. Some are business people who want government muscle to help them raise their profits. Many are people who are highly conflicted, and could not have positions of power in an honest situation. Many are religious extremists who care about nothing but their extremism. "They" are people who can accept all the contradictions of being a Republican, as mentioned in this list that has been circulating by email:

    It's tough to be a Republican.

  5. This is widespread corruption. by Futurepower(R) · · Score: 1, Troll


    I'm very interested in being intellectually honest.

    This is not a case of politics as usual. The Bush administration is involved in widespread corruption. As I mentioned above, I put links to 3 movies and 35 books that all say that the U.S. government is more corrupt now than it has been in the memory of living people: Unprecedented Corruption: A guide to conflict of interest in the U.S. government. Some of the authors are former Bush administration officials.

    I'm independent myself, but I like some of those who call themselves Republican. I like McCain. I like Giuliani. I can see both of them have their inner conflict and their shortcomings. I'm not expecting government leaders to be perfect. However, deliberately selling government power to special interests is different than being imperfect.

  6. Some people just don't want to know. by Futurepower(R) · · Score: 0, Troll


    I've found that there are many people who just don't want to believe that there is corruption in the U.S. government. They say completely illogical things in response. Me: There is corruption. Response: You are partisan. You are saying the Democrats are wonderful.

    While the parent comment was being posted, I was watching a CBS 60 Minutes segment that discusses widespread corruption in the FBI.