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Revision History For: GOOG Google: let's party like it's 1999 !

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Return to GOOG Google: let's party like it's 1999 !
Well folks, we are about to experience what it will be like to compress an entire country's worth of speculation and daytrading and get-rich-quickness into one single stock. We all know the insanity that happened from 1995 until March of 2000, but that was spread across dozens and dozens of dot.coms.

Google seems to be eager to push this IPO out the door as quickly as possible, probably in a matter of days. Anyone who stays current with search engine technology knows that Yahoo has actually regained the crown as far as relevant search results go. (shocking, but true)

Google's ranking system has been gamed by every spammer, SEO con artist, or unscrupulous webmaster on earth. The first page of results for almost any Google search are filled with nothing but spam and meta-search links designed to fool Google's engine.

Not to mention more and more news articles are appearing every day that massive fraud is happening with their Adsense program, due to clickbots and offshore workers clicking advertisements as a full-time job. This is quite alarming since Google gets over 95% of their revenue from their adsense program. (which by the way, totally depends on the concept that many users are not aware that those text ads are actually advertisements- since they ads dont look like the typical banner, people assume they are just links provided and/or approved by the website)

And just today, David Drummond- Google's general counsel, was notified that the Securities and Exchange Commission is filing a civil injunction against him for violating securities laws at his previous employer, where he was the Chief Financial Officer.

To top it off- this will be one of the first IPOs in memory where many insiders are not subject to any lockup period at all- they will be unloading their shares on the very first day of trading.

This will definitely be interesting. Can they all retire rich before the music stops? Have investors totally forgotten the lessons of the crash? Tune in next week, and we'll find out!