But it’s another of many signs of Google’ arrogance.

I couldn’t agree more.

The theory that makes more sense is the reality: Google is investing in short-term securities and then moving fast if a good Asian deal comes by. The Alibaba deal for Yahoo really shook things up for Google.

Why not just accept what Google officials say they are going to do instead of believing some half-baked musings by a stupid blogger? I understand the need to create your own little reality, but c’mon, blogging fools: get real! Launch a nationwide Wifi network and give it away? Moohahaha! You geniuses do know there’s more cost to networking than just buying fiber, right? Do you know what it would cost to do this? More than the $14.2 billion Google is raising.

Enough with the “little old ladies” losing money. If I hear one more person use their January 2000 brokerage statement to compute how much money they “lost” I am going to throw up.

The fact is, most people haven’t a clue about the stock market or any of the realities and risks of investing. So they effectively outsource this task to mutual funds, products of which they are equally ignorant. Fund managers don’t scrutinze corporate management because their lazy ignorant customers don’t demand it of them.

The only reason I care about this is because whenever the economy or market declines, these ignoramuses want to prosecute, regulate, and tax the economic engines of this country. (e.g. Sarbanes Oxley)

If “little old ladies” don’t understand the stock market, they shouldn’t have their money there - and that goes for any other demographic. What are people now ENTITLED to worryfree no-homework investment returns?

Their money should be in mutual funds or something. If you’ve got a problem with Google (and numerous posts give the strong impression that Jeff does), don’t buy it, or better yet short it.

[Full disclosure: Google shareholder since one day after IPO, with close friends who work there albeit low on the totem pole.]

When the business of the company turns into selling stock in the company (when’s the last time Google had a profitable product move out of beta?), you should be selling. This is starting to sound a lot like the Ciscos and Junipers and other darlings of the dot-com era who were interested more in stock splits and market manipulation than actually creating sellabe product. Watch out on this one, friends.

By the way, KB, there’s not that much fiber sitting around. In case you didn’t notice, the broadband industry has been expanding quite steadily in the last three years. Don’t pass along these unsubstantiated rumors.

Business *is* a joke… just like monarchies and governments. They aren’t a joke when they have the gun, but the birds still chirp just fine without them.

Jonathan

Either way, another fourteen million shares on the market won’t do their EPS estimates or their current shareholders (most of whom bought in at $297 thinking it was going to $400) any good.

On the topis of Google, this is interesting :

http://www.wired.com/news/culture/0,1284,68559,00.html

I did some consulting work for a customer recently which included amongst other things, advertising through Google. Boy, what a rip-off.