RSS
Everyone Wants A Piece Of Bill Gross
from the calm-down-now dept
I've never been a huge fan of Idealab, since it always seemed to churn out "me too" companies backed by a lot of hype. However, since the lawsuit by their investors was first filed, I haven't found much sympathy for the investors. They dumped a ridiculous sum of money into a company based purely on hype. The fact that they didn't do their own due diligence isn't Bill Gross's problem, it's their own. Fortune has now taken a more detailed look at the allegations against Gross and finds that most are overblown. This is a sour grapes lawsuit from investors who should have known better, but who were "sold" by Gross and didn't do their own homework.
If you liked this post, you may also be interested in...
- Cybersecurity Bill Backers Insist This Isn't SOPA... But Is It Needed?
- If The RIAA Wants To Talk About Misinformation Campaigns, Let's Start With The RIAA's Misinformation Campaign
- UK Report Blames The Internet For Terrorism, Says ISPs Should Take Down Content
- NY Times: RIAA & MPAA Exaggerate Piracy Impact Stats... But We're Going To Assume They're True Anyway
- Author Jonathan Franzen Thinks That Ebooks Mean The World Will No Longer Work
Add Your Comment