The New York Times has had three stories in two days about the Google IPO. The LA Times had one this morning and now the Guardian has reported that a Bank has been selected for the flotation (but the server there is too busy to respond). During the dot Com Boom we learned about IPO's, they are pyramid schemes designed to make the few who are on top very, very rich. The NYT's goes into detail about all the billions that will be raised with this IPO, but how do they know? They know that they will print a story about this IPO every day till it comes true, maybe they have a piece of the action.
Google has chosen Morgan Stanley and Credit Suisse First Boston to lead it's "widely-anticipated” (Brit speak) why can't they just say inevitable Wall Street flotation. So how can I get in on the action? Who will be stuck with the stock after all the big boys have cashed out?
Maybe it's time to start searching for another algorithm, sooner or later one will pop up!