Public Markets For Predicting Google's Market Cap

k2enemy writes "The Iowa Electronic Markets have created two markets where traders may buy and sell contracts based on beliefs of Google's market cap at the end of the first day of public trading. The first market, GOOGLE_LIN, trades contracts with liquidation values linearly dependent on the market cap. The second, GOOGLE_WTA, trades six unique and exhaustive contracts in a winner-takes-all market. The markets are currently suggesting a market cap around $30-35 billion. The IEM is also popular for its political markets, which have been very successful (more accurate than polls) at predicting political elections."

Comments

GOOG is s scam

[ballpoint]

They are trying to sell a non-controlling 10% of their business for 3B$ while they have given away the same amount, AND 'FORGOT' THAT THEY DID.

Playing fast and loose with other peoples money is a recipe for disaster. Anyone buying GOOG shares should know that his money goes directly into unclean hands.

I'm wondering how many will get burned on this scam.

How much you may appreciate Google's search service now, this is a different ball game and as an outsider you have no idea how it's played. Stay away. My uninvested 2ct.