First, Wall Street in the sense you mean it is not a section of Lower Manhattan, but instead the collective body of investors. "Wall Street" didn't descend on Google like a vulture. Google chose to become a publicly traded company and held an IPO for the sole purpose of raising capital by selling shares to "Wall Street" (i.e. you, me and everyone else that bought those shares). Google benefitted handsomely from the hype and mystery which they've cultivated and which has driven up their stock price to astonishing levels. Until recently Google had greater market capitalization than many major and established companies. Is Google really worth more than Cisco, or IBM, or Merck, etc? If so, people want some solid evidence to justify the stock price. If Google refuses to give it, people will conclude that Google is just a fancy advertising company facing stiff and increasing competition. People will lose confidence, sell, and the stock price will fall. Google won't have the $10's of billions they'll be needing to pull off that Earth Shattering, Life Changing "Thing", whatever it may be, that many have believed them poised to do. Google has been playing "Wall Street" like a fiddle. "Wall Street" appears to be waking up...
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First, Wall Street in the sense you mean it is not a section of Lower Manhattan, but instead the collective body of investors. "Wall Street" didn't descend on Google like a vulture. Google chose to become a publicly traded company and held an IPO for the sole purpose of raising capital by selling shares to "Wall Street" (i.e. you, me and everyone else that bought those shares). Google benefitted handsomely from the hype and mystery which they've cultivated and which has driven up their stock price to astonishing levels. Until recently Google had greater market capitalization than many major and established companies. Is Google really worth more than Cisco, or IBM, or Merck, etc? If so, people want some solid evidence to justify the stock price. If Google refuses to give it, people will conclude that Google is just a fancy advertising company facing stiff and increasing competition. People will lose confidence, sell, and the stock price will fall. Google won't have the $10's of billions they'll be needing to pull off that Earth Shattering, Life Changing "Thing", whatever it may be, that many have believed them poised to do. Google has been playing "Wall Street" like a fiddle. "Wall Street" appears to be waking up...