What is Digg?13 Comments
- geminitojanus, on 10/12/2007, -0/+3Not only is it a bad idea, it's illegal. There are ways to get around the illegality, but I don't feel like going through them.
If digg knows what it's doing it'd take this article out and report it to the SEC. - geminitojanus, on 10/12/2007, -0/+2Actually, after reading through their documents, it seems they have found one of the loopholes, however, they're issuing voting shares to a trust, in which they have more voting shares than you...
"All in favor of removing from the trust members [names], signify by saying I." and you lose your dollar(s). - anonymonk, on 10/12/2007, -0/+1Actually, tokachu, most Internet company's went public through IPO's with very high prices (granted, not as high as Google's in most cases, but certainly not $1).
- anonymonk, on 10/12/2007, -0/+1Also... how did I find this (in case anyone is wondering)? I followed a digg about a Google April's Fool prank involving Larry Page's room, but since the page they mention (http://www.google.com/rooms) wasn't available, I googled "Larry Page's room" and this website came up on the results.
- marthaphoebe, on 10/12/2007, -1/+1what happens when google's stock actually does reach a buck ?
- tokachu, on 10/12/2007, -1/+1The Google stock chart mysteriously stops at a few months ago.
But seriously. Don't buy the Google hype. While most Internet companies started their stock at $1, Google started at over $100. If Google had as much stock performance as Yahoo!, they'd be trading at $2200, or if Google performed as well as eBay, they'd be trading at $6600.
Remember, kids: divide Google's price by $100, not $1 as with other stocks. - LongRun, on 10/12/2007, -0/+0They are Selling the site on eBay http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=230007947717
- anonymonk, on 10/12/2007, -1/+1Best comment so far! Two thumbs up!
- ilovetodigg, on 10/12/2007, -0/+0Well it's not really a loophole if google shuts them down :)
Also, what if the trust was set up so that each member had equal voting rights? Is this even possible? If he didn't have the right/ability to kick people out then I think it'd be pretty cool. Besides, it's not like people will be buying into this to actually make a profit ... I think the point behind it is that "I Bought Google For A Buck" ... the story is what he's TRYING to sell (he's not doing a very good job at portraying that though). - ilovetodigg, on 10/12/2007, -0/+0anonymonk is right. Besides, I know people like to bash Google (I even do it, because I wish I owned them), but it's fair to say that the aren't going anywhere for a LONG time. I'm no stock analyst so I'm not going to tell people to invest in Google's stock, but it seems that it's just going to keep getting higher and higher...
Especially the way the company is set up. Within a year, you won't go to Google to search for a page music, or movies, etc... they are slowly becoming THE indexed pages and wiping out the major visited pages -- they're becoming the pages that people go to.
I know it sounds like I love Google, which I don't (I don't hate them), but they basically own the Internet, No other company comes close to the effectiveness of Google. And with how much they're worth, they will soon become an investment company online like Berkshire Hathaway (exactly like it says on that kids site) - ilovetodigg, on 10/12/2007, -0/+0I just signed up for google for a buck and they use an opt-in process where you can unsubscribe at any time if you want ... that's no guarantee that they don't have a way to keep spamming or anything, but who would go through that trouble of having an opt-in form if they're going to spam? you can lists of thousands of emails easier than that.
- ilovetodigg, on 10/12/2007, -0/+0I think if nothing else, it's a hell of an idea ... I think people need to give him that. I know it's easy not to trust people online, but I don't see any harm in what he's doing. I could be way off on this, but I think he understands the concept of "selling a story" ... I'm sure he's making money from it somewhere, but the whole "Google for a Buck" is a publicity stunt and a way of giving people something to talk about.
Not to advocate for the kid or anything, but those certificates don't look half bad and if they were on a nice looking card stock I'd sign up just for that. Alright, enough of that :)
marthaphoebe "what happens when google's stock actually does reach a buck?"
Can you (or someone else) explain this to me a little more? Sorry I don't understand what that means. - anonymonk, on 10/12/2007, -2/+1According to their FAQ (not that I believe anything they say - I don't know them):
"Is this legal? Yes, we believe our proposed trust structure is 100% legal."
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