Stock Jumps On Mistaken Report Of Google Ownership

from the idiots-and-their-money... dept

Want to know just how crazy certain (not particularly intelligent) investors are about the Google IPO? When the Dow Jones Newswire (fact checkers anywhere?) accidentally said that microelectronics firm HEI owned warrants to purchase Google shares instead of Heidrick & Struggles, the executive search firm, investors (due diligence be damned!) gobbled up HEI shares boosting the stock 40%. Google can talk all they want about changing the way IPOs are done, but there are a lot of people out there who invest solely on hype and couldn’t care less about fundamentals.

Rate this comment as insightful
Rate this comment as funny
You have rated this comment as insightful
You have rated this comment as funny
Flag this comment as abusive/trolling/spam
You have flagged this comment
The first word has already been claimed
The last word has already been claimed
Insightful Lightbulb icon Funny Laughing icon Abusive/trolling/spam Flag icon Insightful badge Lightbulb icon Funny badge Laughing icon Comments icon

Comments on “Stock Jumps On Mistaken Report Of Google Ownership”

Subscribe: RSS Leave a comment
1 Comment

Add Your Comment

Your email address will not be published. Required fields are marked *

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...