-- Google Finance, Govt, Policy and Business Issues
---- BusinessJournal article - Google Expands
scareduck - 6:14 am on Sep 3, 2002 (gmt 0)
Re pvdm's comments:
2. A successful IPO, bringing in huge capital to invest. A enormous worldwide publicity thanks to the successful IPO, one of the only successful IPO's in information technology in two years.
Based on what? Are they profitable? Who knows! They're a private company -- they don't have to tell us. If they were in fact profitable -- and not just in the bogus, EBIDTA sense -- don't you think we'd have heard it from the high heavens now? Wouldn't Google's high-profile venture capital firm, Kleiner Perkins [google.com], want to undergo a "liquidity event" as they euphemistically call the fleecing of investors? Suuure they're profitable... and I'm Mary, Queen of Scots.
So scratch the rest of the fantasy.
Here's how I see Google playing out financially.
A hard market for tech IPOs (especially Internet IPOs -- when was the last one you saw that did well?) keeps Google private. Meantime, Google continues swinging its guns at a myriad of unrelated and unprofitable projects (images? news?). The people running things believe their own press -- but then the money starts to run out... and their advertisers aren't dumb...
It's crunch time for Google -- and for all the boo-hooers on this forum who think they deserve free traffic.