Gawker
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conflicts of interest
Silicon Alley's Bitter Awards Scramble
For a startup founder itching to cash out, the recession can be tough: The economy fades hopes for an acquisition or plum funding round. Perhaps this explains some of the testiness around this year's awards from Silicon Alley Insider. More »
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By Ryan TateComment by thecowardlylion: Oh, no say it ain't so. PR is the new marketing?! I am so proud of us little Internet babies. We... more » | Other threads
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videuhoh
Henry Blodget's Love/Hate Relationship with Eliot Spitzer
United by ignominy, former Wall Street analyst Henry Blodget has forgiven Eliot Spitzer, the prosecutor who cost him his job. And he's getting softer on him by the day.
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By Owen ThomasComment by Bring It On: Why is Blodget suddenly getting so much coverage? He has been writing articles from time to time for Crain's and... 8 Responses | Other threads
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recessionomics
The Changing Face of Disgrace
What do the instant comebacks of Martha Stewart, Henry Blodget, and Eliot Spitzer tell us? There's no longer anything to be ashamed of in failure. And that's cheery news for anyone who's been laid off.
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By Owen ThomasComment by Vivien Smith-Smythe-Smith: You know, I cannot dislike Stewart. She was castigated publicly in a way that her male counterparts rarely are, and... 2 Responses | Other threads
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trend alert
Disgraced stockpickers picking stocks
If the government hasn't investigated you, why should anyone listen to your stock tips? That's the lesson of three Wall Street chatterboxes who once faced SEC scrutiny — and are now bigger in the stock-talk business than ever.
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By Owen ThomasComment by rexworld: So is it only white males we should worry about? I mean all three if the examples you cite... 3 Responses | Other threads
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silicon alley insider
Henry Blodget needs more layoffs to write about
"Yahoo will almost certainly fire too few employees when it announces its mass layoffs this week," predicts Henry Blodget, the disgraced stock analyst everyone now listens to. Henry's got a bunch of charts you can look at, or you can read his kicker: "What's the smart amount of spending decline to plan for? We think about 10 percent next year and slightly more in 2010. We would also plan on the decline lasting at least two years."
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By Paul BoutinComment by VernPeneus: Henry Blodget is the last guy that any of you should be listening to for financial advice or commentary. This... more » | Other threads
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advertising
Why not skip ahead to Google Casino?
Google is supposed to begin testing gambling ads in the UK today. I've come up snake eyes trying to get one onscreen, so I'd love a screenshot if you get one. Free-market champion Henry Blodget beat me to the summary: More »
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By Paul BoutinComment by emnem: Paul, Get you own screen shots, OK? Go to Google UK, and search for UK pages only with the following terms: "gambling... 1 Responses | Other threads
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meltdowns
Yahoo skids to $13, revises layoff plan
The last time YHOO traded below $13 was after 9/11 and before the U.S. invaded Iraq. (I live in San Francisco, where even Republicans obsess over these connections.) Henry Blodget, the disgraced stock analyst everyone trusts now, says Yahoo is scrambling to update its layoff plans after watching eBay go first: More »
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By Paul BoutinComment by HiQCode: Yahoo won't recover. The Sunnyvale teams have developed low quality software under inexperienced technology managers and their best engineers have... more » | Other threads
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tech ticker
Sarah Lacy: No one cares about tech now
Some of Yahoo Tech Ticker's recent headlines have little to do with tech: "Senate Passes Bailout Bill: 74 to 25"; "Buffett Buys $3B of GE Preferred, Company Selling $12B of Common"; and "It's 'Absolute Nirvana' for Value Investors, Whitney Tilson Says." Tech Ticker talking head Sarah Lacy has posted an existential complaint. The title: "When Tech Reporters Become Irrelevant." When? We thought they always were. But we digress. Lacy writes that there's been one tech story this year mainstream enough for a Yahoo audience — the Microsoft-Yahoo non-merger — but that otherwise, "it's been a year of financial news." More »
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Comment by michaellamb: Oh Sarah, there there. No one has cared about you for a long time. more » | Other threads
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nerdfight
Henry Blodget's family feud
Why did disgraced stock analyst Henry Blodget post a long email by Mahalo CEO Jason Calacanis to Silicon Alley Insider, and then take it down? There's the obvious reason: Calacanis hadn't given permission for it to be republished. But Silicon Alley Insider has reprinted Calacanis's emails before. We think it more has to do with the fight that broke out in the comments between Calacanis and Howard Lindzon, a Phoenix, Ariz. hedge-fund manager who owns a piece of Blodget's blog. Could it be that Calacanis's copyright gave Blodget a convenient excuse to unpublish the piece — an item that was generating ill will between one of his investors and a startup CEO whom Blodget thought it expedient to suck up to? More »
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By Owen ThomasComment by emnem: Howard Lindzon writes and processes information very poorly. He's loosened his trap on SAI before in response to many posts... 2 Responses | Other threads
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great moments in journalism
Jason Calacanis missive unpublished by Silicon Alley Insider
It's Mahalo founder Jason Calacanis's world, we just have the misfortune of living in it. The former Silicon Alley Reporter publisher decided to quit blogging, instead opting to send out his verbose fonts of wisdom as emails. Take his latest 2,948-word missive, "(The) Startup Depression" — claiming that anywhere from half to four in five startups will fail thanks to the current economic crisis (or at least, will blame their failure on the economy). Apparently Calacanis asked that the post be taken down. Because of a principled stand for intellectual property? Because SAI's publisher was getting the pageviews and Mahalo wasn't? Or because Calacanis can't take the heat in a public forum? The fight that broke out in the comments between Wallstrip creator Howard Lindzon, Blodget and serial entrepreneur Scott Rafer suggests the latter. More »
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By Jackson WestComment by howwhitemyshirtscanbe: What does lopyud mean? Google does not return any hits, somewhat to my surprise. Some kind of typo? "Loud"? more » | Other threads
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caroline waxler
Henry Blodget taps Forbes survivor to edit tabloid business-news site
Does Henry Blodget, the disgraced former Wall Street stock analyst, have a Forbes fetish? We ask because his latest hire, Caroline Waxler, has the business fortnightly on her resume — as does soon-to-depart Blodget employee Peter Kafka. Blodget, best known for his Silicon Alley Insider site, seems to fancy himself a business-blog mogul, running two other sites — Clusterstock and the Business Sheet. Waxler will edit the latter which, in a refreshing piece of honesty, explains, "We’re still in beta, which means we still suck." More »
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By Owen ThomasComment by EastCoastNinja: Owen- I thought that after doing a bunch of derivative articles using Alley Insider news over the last six months, you... 1 Responses | Other threads
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peter kafka
Murdoch-owned tech site steals Henry Blodget's top blogger
The latest hire in online tech outlets smacks of cannibalism. Silicon Alley Insider, the vanity blog vehicle of former Wall Street stock analyst Henry Blodget, has lost managing editor Peter Kafka to AllThingsD, the vanity blog vehicle of Kara Swisher and Walt Mossberg. Dow Jones makes for a steadier parent than AlleyCorp, the tech-startup holding company of DoubleClick cofounder Kevin Ryan. But one would think Swisher, who confirms the hire and says Kafka will start at the end of October, might have first raided the vast hordes of reporters working in the faltering medium of print before feeding on her own kind. Let's just hope she lets Kafka get out more.
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By Owen ThomasComment by Migrant Blogger: Looks like his porn stories will show up somewhere new more » | Other threads
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yahoo
Chipper Yang's latest memo: "Hi guys!"
Legg Mason portfolio manager saved Yahoo CEO Jerry Yang's job this morning, and far be it from the always-exclamatory Yang to hide his relief. Yang recorded a companywide video address, and reading a transcript filed with the SEC, we can't help but wonder if Yahoo's lawyers missed a few exclamation marks. "Hi guys," the transcript begins — but we're betting it sounded more like "Hi guys!!!!11!!!!" More »
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Comment by Wabewalker: Miracles do happen! He used cue cards! Be still my heart! Pity that whoever was holding them was six feet to... more » | Other threads
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new york, minute
Silicon Alley Insider publisher raises money
Silicon Alley Media, disgraced tech-stocks analyst Henry Blodget's recently formed blog collective, has raised a modest $1 million from wealthy investors, Tech Confidential reports. The A round's A list included Tacoda cofounder Dave Morgan and former Wall Street Journal publisher Gordon Crovitz. With the proceeds, Blodget is hiring editors for two new sites: Clusterstock, a spreadsheet-heavy analysis site, and Business Sheet, a tabloidy take on business personalities. More »
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By Owen ThomasComment by Tnuc: ClusterStock: Because ClusterFuck was unavailable. more » | Other threads
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you're doing it wrong
Apple shareholders threaten Henry Blodget
After an interview with employee Dan Frommer, Silicon Alley Insider publisher Henry Blodget received a "threat" from an Apple shareholder who didn't like the pair's skepticism about the market for iPhone applications and the stock's performance. But rather than go after Blodget for shorting AAPL, why not mention that the analysis comes from a man who had to settle a fraud suit and was kicked out of the financial business? That seems easier. [Silicon Alley Insider]
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By Jackson WestComment by Jackson West: Actually, a Blodget suggests in his own writeup, the threat came from a shareholder who had a gang at hand.... more » | Other threads
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party report
Founders Club partiers revel in the view from the top
HEARST TOWER, NEW YORK — Far from the sweaty, screaming fans that attended Digg's Brooklyn meetup Wednesday night, the suits of the Alley and Valley gathered last night on the top-most floor of the Hearst Tower for another Founders Club party to celebrate each others' transcendent splendor. All night, giant screens at either end of the party played clips from Citizen Kane, the barely fictionalized biopic based on the life of Hearst Corp.'s own founder, William Randolph Hearst. There wasn't a Hearst in the crowd, but there were those who aspire to be him. Blog moguls like PaidContent's Rafat Ali, Gawker Media's Nick Denton and AlleyCorp's Henry Blodget mingled. New Gifts.com CEO Jason Rapp attended, as did Digg cofounders Kevin Rose and Jay Adelson. Facebook CEO Mark Zuckerberg's mentor, Valley bad boy Sean Parker, was rumored to be in the crowd as well. Jimmy Wales, cofounder of the world's most comprehensive list of William Randolph Heart's angry responses to Citizen Kane, attended with Andrea Weckerle on his arm. Photos below. More » -
ipo
Why Wall Street would be happy to work with Naveen Jain again
Naveen Jain, InfoSpace's sole founder (and don't you forget it), is back in business and angling for another IPO with Bellevue, Wash.-based Intelius. The consumer-information broker's business practices are pretty scammy according to details unearthed by TechCrunch's Michael Arrington — and the unsavory parts of its business are the only ones growing appreciably. But where Arrington goes wrong is in thinking that news of the racket will dissuade investment bankers and traders from doing business with Jain. More » -
separated at net worth
Henry Blodget, neat freak
Is disgraced stock analyst Henry Blodget the reincarnation of Howard Hughes? In an inadvertently revealing Silicon Alley Insider post explaining his dislike of Windows Seven's touchscreen features, Blodget's screaming germophobia is on full display.We never touch our PC screen, and we hate it when other people touch our PC screens.... We're not particularly anal, and we polish up our Blackberry every thirty seconds or so.... So excuse us if we don't jump up and down in excitement at the thought that people are going to feel better about jabbing their fat, greasy fingers into our PC screens.
What's particularly fascinating is how Blodget attempts to normalize his neurosis by using the first person plural. Polishing your BlackBerry that frequently isn't healthy, Hank.
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By Owen ThomasComment by raincoaster: @macbeach: If you love it THAT much you probably have to at least Wet Wipe the back of it a... more » | Other threads
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microsoft
Ballmer: "We are not bidding to buy Yahoo"
During a three-hour talk in Israel, Microsoft CEO Steve Ballmer insisted the company isn't back at the merger negotiations table with Yahoo. "We are not bidding to buy Yahoo," Ballmer told the crowd. "We are trying to have discussions about deals with Yahoo that might create value but not a whole acquisition of the company." In the clip embedded below, Tech Ticker's Henry Blodget doesn't buy it: More »
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Comment by deathbychichi: With Icahn and Pickens and friends picking up good-sized chunks of Yahoo with the intent to force the deal, Ballmer... more » | Other threads
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great moments in pr
Brooke Hammerling, online-video PR rep, weighs in on online-video audience debate
BrewPR's snacky flack Brooke Hammerling penned a guest column for Silicon Alley Insider, arguing that the Web video industry needs to come up with a strict viewership metric. Though she doesn't mention it in the piece, New York-based online-video startup NextNewNetworks is a Brew client. (It's disclosed, in tiny type, at the end.) We could ask why Henry Blodget is giving a self-interested company rep a soapbox, or why they couldn't fix the red eye in Hammerling's photo. But the real question is why Hammerling suddenly cares about online video analytics. More »
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By Jackson WestComment by WillClark: I think it's time for another Snacky or Flacky contest. more » | Other threads
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great moments in journalism
Bear Stearns crash costs 7,000 jobs, but Henry Blodget is hiring!
Soon-to-be JPMorgan Chase subsidiary Bear Stearns will lay off 7,000 workers. The worst of it, reports Silicon Alley Insider's Henry Blodget, is that today's tough job market on the Street makes it a particularly bad time to get laid off. Fortunately, Silicon Alley Insider's Henry Blodget also reports, Silicon Alley Insider is hiring! Where Blodget learned to describe the job market in such a self-beneficial way, nobody knows."We won't drown you in cash the way Bear would have," former financial analyst Henry Blodget writes, "but we need those same same analytical, writing, and competing skills."
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Comment by colintoal: Well he's doing that Tv show now - Shark I think its called. It hasn't been on in a while... more » | Other threads
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rumormonger
Calacanis's latest blog blather: Silicon Alley Insider raised $12 million
At his Dim Sum 2.0 dinner in New York last night, Mahalo CEO Jason Calacanis congratulated Silicon Alley Insider blogger Dan Frommer on his boss's fundraising abilities. Calacanis said he'd heard Blodget raised $12 million for the New York tech blog. Frommer asked Calacanis if he meant $3 million to $5 million, as TechCrunch editor Michael Arrington reported yesterday. No, Calacanis said, he'd heard $12 million from one of the investors. More » -
nerdfight
Blodget to Spitzer: Payback's a bitch!
Back in 2002, Eliot Spitzer, then New York's attorney general, published internal emails from Merrill Lynch analyst Henry Blodget . Blodget was shown trashing stocks he had publicly touted. The SEC charged Blodget with fraud and eventually banned him from the securities industry for life. Now Blodget edits Silicon Alley Insider. Look who's publishing now.
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Comment by paulrocks: Be they a preacher or a pol -- just another scandal of the self-righteous. more » | Other threads
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silicon alley insider
John Battelle welcomes Henry Blodget into snuggly embrace
Henry Blodget, editor of Silicon Alley Insider, has established himself as a connoisseur of male beauty. And John Battelle is a handsome man. He's also chairman of Federated Media, the online-ad network and paid friend to bloggers, which is more likely where the attraction lies. Blodget has publicly documented on his New York-based tech blog his struggles to find an ad model that works. At last, he has: Toss his banners in Battelle's lap. More »
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By Owen ThomasComment by hblodget: Battelle is indeed a good-looking guy, but it wasn't these charms that drew us to him. It was the sacks... more » | Other threads
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breakdowns
Yahoo launches Tech Ticker ... sort of
In a repeat of last week's failed launch of lifecasting service Yahoo Live, Yahoo's new online finance show Tech Ticker has launched with a broken page. If the millions of users exposed to it could see it — the show is prominently placed throughout the site — they'd learn that it is hosted by BusinessWeek's Sarah Lacy and TheStreet.com veteran Aaron Task, with contributions from the likes of Paul Kedrosky and Silicon Alley Insider's Henry Blodget (interviewed in one of the first episodes). After being down for more than 20 minutes, Tech Ticker seems to be back up ... sort of. The interview with Blodget is viewable on the Tech Ticker website but now the embed code seems to be broken. How much money is this company worth again? If they find an engineer to fix it, here's the clip: More »
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Comment by zangotango: I agree with Sajan, I am able to see the videos fine. I also like the video quality, Look at... more » | Other threads
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online advertising
Microsoft chief ad strategist Mike Galgon and DoubleClick CEO David Rosenblatt told a New York conference crowd this morning that they are not seeing the advertising slowdown everyone is whining about. Disgraced tech-stocks analyst Henry Blodget, forever scarred by his experiences in the '90s bubble, says you will! You will! Hank, we doubt this display of pessimism will get you unbanned by the SEC. Try telling Chris Cox how handsome he is instead. [SAI] -
nerdfight
Slide's funding brings out reporters' knives
Scoops are important to journalists. But do readers care? Some writers persist in thinking so. I can't remember ever seeing such backbiting over a humdrum funding announcement: Kara Swisher of AllThingsD scooped everyone last Friday with a rumor that Slide, Max Levchin's Web widget maker, was raising a big funding round. Sarah Lacy of BusinessWeek had more details of the $50 million round in an already-written column published to the Web after Swisher's post. Brad Stone of the New York Times weighed in that afternoon. And that's when the knives came out. More »
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By Owen ThomasComment by eze: i wouldn't count slide out so soon. nobody knows how much slide's widget/application empire is worth, because nothing like this... more » | Other threads
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the chart
Why a little Bebo wouldn't be so bad for MySpace
Yesterday, we reported that MySpace continues to beat Facebook soundly in traffic. But some, including Silicon Alley Insider's Henry Blodget, reject the U.S. numbers we cited from Hitwise, saying worldwide traffic indicates "Facebook is coming up behind MySpace like a Ferrari about to blow past a bus." And how could we ignore such a simile? It's totally awesome, dude! So here's a chart comparing worldwide traffic for Facebook and MySpace, from ComScore. More »
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Comment by Ron-Mexico: Bebo's layouts have too much personality. We'd much rather have the cold, sterile-looking, MS Office-like layout of Facebook any... more » | Other threads
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yahoo
We hear that Yahoo TechTicker, the online-video show from Yahoo Finance featuring Valley fox Sarah Lacy and red-hot moneymen Henry Blodget and Paul Kedrosky, is delayed, and won't be airing early episodes next week as rumored. Dammit! Scott Moore, we blame you for this, too. -
geeks gone wild
Michael Arrington's Sarah Lacy fantasies indulged by Yahoo
Yahoo TechTicker may launch as soon as next week, reports Michael Arrington. The TechCrunch editor then spins off into lurid fantasy: "Screen shots are starting to leak, and we have this one with Lacy and Blodget just prior to locking into a passionate embrace, I'm sure." Heavens, Michael. No wonder Lacy tried to cool your jets in Hawaii. Besides, we prefer to imagine Blodget, a known admirer of male beauty, canoodling* with Paul Kedrosky, the ruggedly handsome VC pundit who's also appearing on TechTicker. More »
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By Owen ThomasComment by w00zy33: fucking tech crunch is ripping you guys off even if they posted this story first and used the same picture.... more » | Other threads
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yahoo
For anyone who missed the rumor in Valleywag last month, Michael Arrington confirms that Yahoo will launch a streaming-video finance program with hosts Henry Blodget, Sarah Lacy, and Paul Kedrosky — the exact lineup we reported. The name is TechTicker. [TechCrunch] -
rumormonger
The return of Yahoo FinanceVision
Remember Yahoo FinanceVision? It was Yahoo's attempt to imitate CNBC, except on your computer. Launched in 2000, with an annoyingly overenthusiastic commercial embedded above, dragged on for two years before declining online advertising revenues put a bullet in it. We hear it's rising from the grave. We've confirmed that BusinessWeek columnist and certified Valley Fox Sarah Lacy has been signed as a talking head. Other rumored contributors include VC blogger and TV pundit Paul Kedrosky and manflesh connoisseur Henry Blodget, the disgraced Wall Street analyst and founder of Silicon Alley Insider. Blodget, at least, has experience talking up stocks. More »
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Comment by Trackback: Yahoo has long had visions of owning a successful live finance video show. They launched Finance Vision in March 2000,... more » | Other threads
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henry blodget
Disclaimer of the week
In a post on Silicon Alley Insider about Gilt Groupe, a website which runs private couture sales for an invite-only clientele, disgraced stock analyst Henry Blodget includes the following disclaimer:Disclosure: Yes, yes, we know, we're conflicted up the wazoo here. Gilt's chairman Kevin Ryan is our chairman, Alexis Maybank, Mike Bryzek, and co are basically colleagues, etc. Whatever. You want pure objectivity without a hint of favoritism, emotion, or relationship conflict, visit TechCrunch.
He forgot one other disclaimer: Gilt Groupe CEO Alexis Maybank is a certified Silicon Alley fox. But far classier for Blodget to suggest he's swayed by the bonds of collegiality.
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By Owen ThomasComment by Mikelamb: "You want pure objectivity without a hint of favoritism, emotion, or relationship conflict, visit TechCrunch." I assume that was sarcasm.... more » | Other threads
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silicon alley insider
Peter Kafka needs to get out more
For the record, j'adore le Peter Kafka, managing editor of Silicon Alley Insider, the New York-based tech blog from disgraced stock analyst Henry Blodget. But seriously, girlfriend needs to loosen up. First of all, last time I was in town, the former Forbes writer totally ditched a little cocktail hour I threw in an East Village bar. Now, he freely admits to missing out the drunken, gossip-laden "debauchery" at a party thrown by TiVo and RealNetworks. I wasn't even there, and I got a story out of the party. I hear Blodget is a taskmaster. Hank, baby, for your readers' sakes: Let this guy roll into the office a little later. (Photo of Kafka by Glen Davis) -
blogging for dollars
Silicon Alley Insider ventures into the vaguely icky territory of sponsored-post advertising. It's one thing to thank one's sponsors by name, as is Valleywag's practice. Quite another to pen a gushing blog infomercial, in this case for a service called Vintage Filings, that looks like regular content. Surely Henry Blodget doesn't need the money badly enough to risk adding "disgraced tech blogger" to his list of unseemly epithets. [Innonate] More » -
blogging for dollars
Henry Blodget keeps teasing his critics
I noted yesterday how stock analyst turned blogger Henry Blodget was deftly yanking the chains of tech bloggers everywhere by merely asking, playfully, whether TechCrunch might be worth $100 million. Asking, mind you — he never once, in his original post, suggested he actually thought it was worth that much. In a followup post that's sure to engender more misplaced outrage, Blodget dives deeper into the numbers and suggests that yes, maybe some day in the future — by no means today — TechCrunch could, conceivably be worth $100 million. Conceivably. In the future. Then again, he's functioning under the delusion that the TechCrunch40 conference was a "major hit" instead of a rolling disaster, so who knows? On that line, at least, one hopes he was kidding, yet again. (Photo by Getty Images)
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By Owen ThomasComment by Jeremy: When's Mary Meeker starting her blog? Then the gang will all be here! more » | Other threads
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blogging for dollars
The $100 million TechCrunch joke
Henry Blodget is having raucous fun. On his blog, Silicon Alley Insider, the "disgraced stock analyst" — a seemingly requisite epithet whenever Blodget is mentioned — is driving people crazy. How? By, say, actually running the numbers on how Google might one day be worth $2,000. Or riffing off a ludicrously sketchy thumbsucker about what blogs are worth, in which he questions whether TechCrunch might be worth $100 million. Even the tech blog's editor, Michael Arrington, linked to it, laughing all the while. Unfortunately, no one let Light Reading's Scott Raynovich in on the joke. Raynovich stoutly debunks the notion that TechCrunch might be worth $100 million. An effort, of course, which I'd applaud, if I thought anyone, Blodget included, believed the notion in the first place. (Photo by Getty Images)
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By Owen ThomasComment by Owen Thomas: @raynovich: Rayno, easy there, tiger! The key thing to take away? Blodget never even said he thought TechCrunch was worth... more » | Other threads
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web 2.0
Bruce Judson puts the "bull" in "bully pulpit"
Bruce Judson, the Internet pioneer, is taking a turn at pretending to be a Web 2.0 expert, blogging on Henry Blodget's Silicon Alley Insider. Yes, the very same Bruce Judson, Time Warner Internet vet turned hawker of free crap we wrote about a week ago, who's pawning his reputation as a marketer and business leader from the first Web boom to pitch his new venture, Free for Today. Why, oh, why, is Blodget handing Judson a megaphone? The fallen star's ruminations on Web 2.0 are obvious and boring, and a thinly veiled pitch for his free-crap website. Ah, yes, this is the real Web 2.0: Garnering attention through self-promotion, no matter how spurious your ideas or transparent your motives. Maybe Judson gets it after all.
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By Tim FaulknerComment by AdMonster: I had the "pleasure" of working at Time Inc. during the years that Bruce Judson's influence there was at his... more » | Other threads
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superficial
Who's the hunkiest New York Googler?
Tim Armstrong, left, the Google sales chief ridden with conflicts of interest, is drawing unconflicted interest from junior staffers. Apparently the hunky executive is being tracked via Twitter, so ga-ga Googlers can maximize their eyefuls of Armstrong. Silicon Alley Insider's Henry Blodget, whom we hadn't previously thought as a connoisseur of manflesh, also recommends Google's Tom Phillips, right, a cofounder of Spy, as a target for Twitter stalking. So, readers, any other denizens of Google's Chelsea office handsome enough to deserve such excess SMS interest? Leave a comment or send in a tip, and we'll run a poll later. -
youtube
Mary Meeker makes a math mistake
Morgan Stanley Internet analyst Mary Meeker has been caught in an embarrassingly basic math mistake — by Silicon Alley Insider's Henry Blodget, a former analyst (who, to be fair, made some mistakes of his own in the last boom). Meeker's estimate of the impact of YouTube's new "overlay" ads? She says they could boost Google's gross revenues by $4.8 billion next year. But her math, Blodget discovered, was off by a factor of a thousand. The error apparently stemmed from forgetting the meaning of CPM, or "cost per thousand," a commonly used term in advertising rate cards. Given Meeker's assumptions, the actual impact of YouTube's ads? A mere $4.8 million in gross revenue, and $720,000 in net revenue. In other words, a drop in the bucket, and nothing that comes close to justifying YouTube's $1.65 billion purchase price.
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By Owen ThomasComment by Owen Thomas: @Nick Douglas: Not at all. It's a nice line to say Google bought YouTube for the lawsuits, but why did... more » | Other threads
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Mon Jul 6
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