Why Google Might Be Going to $0 | Hacker News Reader

Why Google Might Be Going to $0

techcrunch.com

37 pointsSG9010 comments

So let me get this straight. This guys buys stock in a company that sues Google. And he tells everyone, how certainly they are going to win?

:-) someone call the SEC!

Well if he buys stock _after_ publishing the article it is not insider trading.

I thought was saying he already bought in? I'm not sure what he's doing is illegal, but I don't think it's insider trading that he'd be running afoul of. Rather, I think he needs to worry about the rules about advertising a company using an article to pump up your stock's value.

"Because it’s Ken, I buy the stock although will buy more after this article is out and readers read this." - Ok, yes he bought already before and said he would buy more after the article. Well, anyways it is amazing how the stock prize changed since January and since the article.

tl;dr: my friend Ken is a patent troll taking on Google and I think that's just swell.

Well, he did patent it first. You could also frame it as the "small inventor who goes against the big coroporation".

That said I had to sigh little bit as I read the author. James Altucher is more a guy who tries to write literature with every article and a common theme in all is his nerdyness (reading books all day, playing Go/Chess all day, never winning the girl, losing the girl) and his failure in the dotcom economy to getting obscenely rich (respectively losing all in the stock crash after.) He sometimes linked on the Freakonomics blog.

A better title for this article would be "Why Vringo might be going to $0". Seems like a classic stock pumping scheme.

Yes and it looks like it worked. You could also see this as an opportunity to get some extra seed funds for your startup.

Like many others said: this looks like a "stock pumping scheme" and "patent troll" story... nevertheless, I watched VRNG after that article and was amazed by its 87.88% rise today. Just take some money into your hands and make more with this opportunity...

... and of course: sell on time

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