<![CDATA[Valleywag: Henry Blodget]]> http://cache.gawker.com/assets/base/img/thumbs140x140/valleywag.com.png <![CDATA[Valleywag: Henry Blodget]]> http://valleywag.com/tag/henry blodget http://valleywag.com/tag/henry blodget <![CDATA[ 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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Fri, 20 Jun 2008 14:20:00 PDT Jackson West http://valleywag.com/index.php?op=postcommentfeed&postId=5018439&view=rss&microfeed=true
<![CDATA[ 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.

(Photos by NewYorkInsider and NYFoundersClub)

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Fri, 06 Jun 2008 10:00:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=5013909&view=rss&microfeed=true
<![CDATA[ Why Wall Street would be happy to work with Naveen Jain again ]]> naveen-jain.jpgNaveen 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.

Those insiders made lots and lots of money, and you won't be seeing any mea culpas from them like disgraced analyst-turned-Web publisher Henry Blodget's. It was your average American investor on the outside who took the hit on their retirement nest egg when InfoSpace went belly-up — not those who profited from flipping shares back and forth along the way.

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Fri, 30 May 2008 14:20:00 PDT Jackson West http://valleywag.com/index.php?op=postcommentfeed&postId=394365&view=rss&microfeed=true
<![CDATA[ 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. ]]>
Wed, 28 May 2008 11:40:00 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=393750&view=rss&microfeed=true
<![CDATA[ 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:

The fact that they're at the table — regardless of what they were telling themselves got them to the table — it's much more likely that they say "enough with the four foot high stack of paper outlining the details of the deal. Just merge."
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Wed, 21 May 2008 09:00:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=392348&view=rss&microfeed=true
<![CDATA[ Brooke Hammerling, online-video PR rep, weighs in on online-video audience debate ]]> brooke_hammerling.jpgBrewPR'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.

Could it possibly be because she's not happy with the numbers that ComScore is reporting for her client — or, worse, the numbers NextNewNetworks is asking her to pitch? I'd like to point out the Association for Downloadable Media is giving a presentation on video advertising standards tomorrow at Ad:tech. Maybe Hammerling should give them her support instead of taking passive-aggressive stabs at companies working in the space. That seems easier.

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Tue, 15 Apr 2008 18:00:00 PDT Jackson West http://valleywag.com/index.php?op=postcommentfeed&postId=380192&view=rss&microfeed=true
<![CDATA[ Bear Stearns crash costs 7,000 jobs, but Henry Blodget is hiring! ]]> Blodget.jpgSoon-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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Mon, 24 Mar 2008 13:40:01 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=371515&view=rss&microfeed=true
<![CDATA[ Calacanis's latest blog blather: Silicon Alley Insider raised $12 million ]]> CalacanisShowsLove.jpgAt 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.

Then Calacanis turned away from Frommer and spotted me. A look of recognition came over his face. "I just made all that up," he told me. Was he covering a slip? Or toying with Frommer — and extending the gag to me? Or seeing if he could spread a rumor sure to drive Arrington, his TechCrunch40 conference partner, completely bonkers? Calacanis is known to invent stories just for the fun of it. I asked SAI managing editor Peter Kafka. "On the record," he told me, "we're going to take the $12 million and buy a third of TechCrunch. But don't tell anyone!"

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Thu, 20 Mar 2008 14:20:21 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=370319&view=rss&microfeed=true
<![CDATA[ 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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Mon, 10 Mar 2008 13:20:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=366071&view=rss&microfeed=true
<![CDATA[ John Battelle welcomes Henry Blodget into snuggly embrace ]]> Blodget and Battelle, sitting in a CPCHenry 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.

It would not be much of a story that Federated is repping Blodget's blog, save for the identity of Blodget's backer: Kevin Ryan, the cofounder of DoubleClick, one of the Internet's first online ad networks. Embarrassing: It seems Battelle knows something about selling ads that Ryan doesn't.

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Thu, 14 Feb 2008 11:40:49 PST Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=356597&view=rss&microfeed=true
<![CDATA[ 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:

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Mon, 11 Feb 2008 13:22:12 PST Jordan Golson http://valleywag.com/index.php?op=postcommentfeed&postId=355153&view=rss&microfeed=true
<![CDATA[ Microsoft chief ad strategist Mike Galgon ... ]]> 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]

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Thu, 07 Feb 2008 11:50:05 PST Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=353877&view=rss&microfeed=true
<![CDATA[ Slide's funding brings out reporters' knives ]]> Cutting remarksScoops 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.

Swisher, aggrieved at the lack of recognition for her scoop, accused BusinessWeek and the Times of running "hand-fed" stories, a charge Lacy and Stone's editor denied. (Lacy told me she'd known since the previous Sunday, but had held the information for her column; Stone's editor told Swisher his meeting with Slide that morning was previously scheduled.)

PaidContent.org clearly felt left out. After one of its writers filed a me-too post, editor Rafat Ali skewered Lacy in a followup post, calling her a "doting, in-awe poseur."

On Silicon Alley Insider, Henry Blodget, Lacy's cohost on Yahoo's soon-to-be-launched TechTicker finance show, came to her defense, dismissing PaidContent as an "aging, LA-based digital news blog."

Oh, and somewhere along the way, I managed to write a story on the subject without calling anyone names.

All of which shows how petty bloggers can be, and none of which answers the question of whether this matters to readers. My suspicion: Only to the extent that they may pass over a story they feel they've read elsewhere first. Google News actively punishes scoops, presenting news on a given subject by the most recent article written, a practice which encourages follow-on news articles and blog posts — and, for that matter, makes it hard to discover who actually broke a given story. Techmeme tends to favor the person who writes with most authority, drawing links from other blogs.

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Mon, 21 Jan 2008 13:40:19 PST Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=347300&view=rss&microfeed=true
<![CDATA[ Why a little Bebo wouldn't be so bad for MySpace ]]> Photo by jonrawlinsonYesterday, 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.

myspacefacebook-1.png

Turns out Blodget, the disgraced stock analyst turned blogger, has a point. And if MySpace parent-company News Corp. shares this view — that Fox Interactive is in trouble because of MySpace's slow-growing worldwide traffic — perhaps its no wonder Rupert Murdoch was seen hanging around Bebo, the social network which is officially "looking for funding" and unofficially looking for a buyer. Here's a look at Bebo, MySpace and Facebook all together on the world stage.

BeboMySpaceFacebook.jpg
(Photo by jonrawlinson)

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Thu, 17 Jan 2008 11:00:54 PST Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=346051&view=rss&microfeed=true
<![CDATA[ We hear that Yahoo TechTicker, the online-video ... ]]> 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.

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Thu, 10 Jan 2008 10:34:57 PST Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=343374&view=rss&microfeed=true
<![CDATA[ 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.

*In the sense of "persuading, especially with flattery," you dirty birds. What did you think I meant by "canoodling"?

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Wed, 09 Jan 2008 16:09:50 PST Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=343041&view=rss&microfeed=true
<![CDATA[ For anyone who missed the rumor in Valleywag ... ]]> 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]

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Wed, 05 Dec 2007 15:13:42 PST Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=330515&view=rss&microfeed=true
<![CDATA[ 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.

So why bring back this idea of Internet-video finance coverage? Reasons why FinanceVision failed the first time included its supremely buggy technology and low broadband use. (For a more accurate version of how it looked to consumers seven years ago, check out this choppy interview with Sports Illustrated swimsuit model Yamila Diaz.) We're rooting for Lacy, Kedrosky, and Blodget to succeed. But we wouldn't be shocked if Yahoo Finance's new TV programming fails, given Yahoo's on-again, off-again mood when it comes to original content. If it does tank a second time, will the new anchors still tear up during their final episode? ]]>
Thu, 08 Nov 2007 12:21:56 PST Megan McCarthy http://valleywag.com/index.php?op=postcommentfeed&postId=320574&view=rss&microfeed=true
<![CDATA[ Disclaimer of the week ]]> Alexis MaybankIn 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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Mon, 05 Nov 2007 13:24:15 PST Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=319134&view=rss&microfeed=true
<![CDATA[ Peter Kafka needs to get out more ]]> Peter Kafka runs a tight shipFor 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)

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Fri, 12 Oct 2007 07:01:13 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=310147&view=rss&microfeed=true
<![CDATA[ Silicon Alley Insider ventures into the vaguely ... ]]> 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]

Update: Henry Blodget responds.

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Wed, 10 Oct 2007 15:13:46 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=309442&view=rss&microfeed=true
<![CDATA[ Henry Blodget keeps teasing his critics ]]> Henry BlodgetI 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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Fri, 05 Oct 2007 09:30:00 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=307605&view=rss&microfeed=true
<![CDATA[ The $100 million TechCrunch joke ]]> Henry BlodgetHenry 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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Thu, 04 Oct 2007 13:56:45 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=307292&view=rss&microfeed=true
<![CDATA[ Bruce Judson puts the "bull" in "bully pulpit" ]]> Bruce Judson, Internet pioneer and discover of free crapBruce 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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Fri, 07 Sep 2007 12:13:53 PDT Tim Faulkner http://valleywag.com/index.php?op=postcommentfeed&postId=297614&view=rss&microfeed=true
<![CDATA[ Who's the hunkiest New York Googler? ]]> Tim Armstrongtphillips.jpgTim 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.

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Thu, 23 Aug 2007 10:08:46 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=292743&view=rss&microfeed=true
<![CDATA[ Mary Meeker makes a math mistake ]]> marymeekerheadshot.jpgMorgan 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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Thu, 23 Aug 2007 09:48:55 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=292735&view=rss&microfeed=true
<![CDATA[ "Wall Street's Best Facebook Analyst: Valleywag." ... ]]> Henry Blodget, who analyzes our discovery of Facebook's secret rate card. [Silicon Alley Insider] ]]> Mon, 30 Jul 2007 14:54:10 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=284110&view=rss&microfeed=true <![CDATA[ Could Henry Blodget be a $15 billion liability? Easy ]]> Henry Blodget - ValleywagAmazon's stock will hit $400, predicted analyst Henry Blodget in 1998. It didn't. The stock now trades at $32.14, but Blodget got attention and a job at Merrill Lynch. Never mind that he was a journalist by trade, with no analyst training. One dot-com bomb later, Merrill let him go, Eliot Spitzer charged him with securities fraud (he settled), and the "analyst" was banned from the securities industry for life.

Blodget recently resurfaced on a blog called "Internet Outsider." His latest post begins: "The most surprising thing about RBC analyst Jordan Rohan's comment that MySpace could be worth $10-$20 billion in a few years is that he deemed this assessment 'audacious'—and the press seemed to agree. Why is this audacious?"

Ahem. It's audacious because the company, bought for $518 million, is so precariously perched on an aging model of social networking that it could lose its sweet advertising deals as soon as the market implodes.

Given all of this, it's distressing to see Blodget quoted — without irony — in the New York Times. These days, Blodget is practically a voice of reason. A scary thought, unless you're into the "blind seer" archetype.

Could Microsoft Bid for eBay? [NYT DealBook]
Internet Outsider [Blodget's blog]
Henry Blodget [Wikipedia]

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Fri, 29 Sep 2006 11:55:28 PDT Nick Douglas http://valleywag.com/index.php?op=postcommentfeed&postId=204277&view=rss&microfeed=true