Google Gets Lousy InvestorRank

As Fred Wilson from A VC points out, Jim Cramer is 'not always right, but rarely totally wrong". Look what he has to say about the Google IPO.

As I mentioned three months ago, the Google-Guys set themselves up for a fall by promising to be saints. I listed four un-saintly things they'd already done, and now Cramer nails them with a fifth : "talk about shareholder democracy but then you do the single most anti-democratic thing possible: issue two classes of stock".

At least that move has some direct benefit - they keep unilateral control of their company. Heck, Wall St. could probably understand and begrudgingly respect greed and power. But each of these other moves appear to be part of the candidacy for sainthood. Looks like they need a new campaign manager.

Posted by Craig Danuloff at July 30, 2004 5:25 PM