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Wednesday, May 02, 2007

Ah, the plot thinnens

Re:Forbes is the real story (Score:4, Interesting)

by Frenchy_2001 (659163) Alter Relationship on 1:55 Wednesday 02 May 2007 (#18946505)

currently Google is the target of some negative image campaigning. What I'm interested in is, where that pushing originates.
The whole financial community hates Google.
The feeling started when Google snobed them for the IPO (they went with a public auction, preventing the financial institution to get their hands on the first dibs). Google even kicked them by selling shares with a voting power 10x less than the founder's shares.
It went worse when Google refused to post any indication of their growth or results past what the stock exchange require (no analyst hint, no prevision). And to compound all that, Google has exceeded the analyst expectations everytime, making them miss the best sale date.

Basically, Google has shown over the year it does not need the financial community as much as they need it and they still resent that.
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