As a Google shareholder, I was concerned when the company decided earlier in the year to let Sergei Brin and Larry Page run the show. While Eric Schmidt's tenure needed to end, it seemed improbable that multi-billionaires could take the time to give new direction and leadership to a company that they had founded but which had grown into new industries quickly and needed new energy. The Motorola Mobility acquisition shows complete lack of energy and innovation, and may very well completely undermine Google's wireless efforts.
Today's IPOs of Arcos Dorados and ZipCar were wildly successful, each trading at twice their originally indicated IPO prices. We haven't seen IPOs move like this on the first day of trading since 1999. What does this indicate about the market?
Bio: Ari Socolow is the Editor-in-Chief of BestCashCow. He is a technology entrepreneur and a former investment banker and attorney. Ari is particularly interested in issues relating to financial literacy and bank transparency. He founded BestCashCow to help Americans of all ages secure their financial future. BestCashCow offers information on local and national savings, checking and CD products, as well as mortgage and credit products, so that consumers can easily identify the most appropriate products for their needs.
Ari holds an MBA from Columbia, a JD from Emory and a BA from Tufts.
