Why Google Might Be Going to $0(techcrunch.com)
techcrunch.com
Why Google Might Be Going to $0
http://techcrunch.com/2012/03/31/why-google-might-be-going-to-0/
5 comments
tl;dr: my friend Ken is a patent troll taking on Google and I think that's just swell.
Well, he did patent it first. You could also frame it as the "small inventor who goes against the big coroporation".
That said I had to sigh little bit as I read the author. James Altucher is more a guy who tries to write literature with every article and a common theme in all is his nerdyness (reading books all day, playing Go/Chess all day, never winning the girl, losing the girl) and his failure in the dotcom economy to getting obscenely rich (respectively losing all in the stock crash after.) He sometimes linked on the Freakonomics blog.
That said I had to sigh little bit as I read the author. James Altucher is more a guy who tries to write literature with every article and a common theme in all is his nerdyness (reading books all day, playing Go/Chess all day, never winning the girl, losing the girl) and his failure in the dotcom economy to getting obscenely rich (respectively losing all in the stock crash after.) He sometimes linked on the Freakonomics blog.
So let me get this straight. This guys buys stock in a company that sues Google. And he tells everyone, how certainly they are going to win?
:-) someone call the SEC!
Well if he buys stock _after_ publishing the article it is not insider trading.
I thought was saying he already bought in? I'm not sure what he's doing is illegal, but I don't think it's insider trading that he'd be running afoul of. Rather, I think he needs to worry about the rules about advertising a company using an article to pump up your stock's value.
"Because it’s Ken, I buy the stock although will buy more after this article is out and readers read this." - Ok, yes he bought already before and said he would buy more after the article. Well, anyways it is amazing how the stock prize changed since January and since the article.
[deleted]
... and of course: sell on time