FOUND: Vintage Henry Blodget Math! AMZN, anyone?
Henry Blodget continues to want to amuse himself with a Mary Meeker gotcha game, despite the fact that HE is the one that was GOT, by the SEC.
Perhaps the fact that Meeker is still welcome on Wall Street, while Blodget is persona non grata, is why he won’t stop gleefully mocking Meeker at his new blog venture, co-founded by fellow Internet boom veteran Kevin Ryan, of DoubleClick (but not ShopWiki) fame.
Blodget wants to get to the bottom of Meeker’s math. BUT, what about Blodget’s math. He apparently knows how to count to $4 million, the amount he was asked to cough up to settle SEC claims of “alleged” securities valuations conduct unbecoming, as I reported yesterday: Henry Blodget: Mary Meeker Pulls a Blodget on Google
AMZN, anyone, trading now at $79 (see update on AMZN below).
How DID Blodget derive HIS AMZN valuations? A secret theorem, perhaps, courtsey of Mark Poyser, Osprey Cartoons.
UPDATE: You Mon Tsang advises there just may be something to the theorem: He indicates there were two stock splits in 1999–3 for 1, and 2 for 1–so 6 X $79 = $474.
Long term investing is a virtue; Nevertheless, as I cited earlier, in the meantime: “millions of investors paid for the advice (of Blodget AND Meeker) with their life savings.”
ALSO: New York Times to New Media: WHO Doesn’t Understand How the Internet Works? and Sex Witch Hunt: YAY! We’re All GPS Stalkers Now