December 1st, 2007




I apologize for such a lay-up, but when I saw that Henry Blodget (the poster-weasel of Bubble 1.0) was handing out reputation-management advice to Mark Zuckerberg (who, granted, needs such advice this week), I first was struck by the irony of the post.

Quote:

“…after an over-hyped product launch, misleading claims about how the product worked, a user backlash, and a detailed magazine article raising some icky issues about his personal ethics, a consensus is emerging that Zuckerberg is, well, a weasel. (Albeit a fabulously wealthy and talented one.)

Upon reflection, however, I’m sure Henry Blodget — the human being, not the symbolic poster-weasel — was likely humbled and enlightened greatly by the de-weaseling he went through when the U.S. Securities and Exchange Commission banned him from the securities industry for life. While I’ve blogged before about the irony of Henry Blodget’s current commentary, I must admit that on this topic, he’s in a unique position to hand-out advice.

He knows how far the fall can be when people stop believing your hype — and worse, when you start thinking that just because you say something, it’s the truth.

Bonus links:

  • Kara Swisher is tracking the Mark Zuckerberg temper-trantrum aspects of this story.
  • Scott Karp provides analysis of Facebook’s misstep in trying to leverage a monopoly it doesn’t really have.
  • Fred Wilson notes a typical reaction-pattern when a startup is successful — I have a longish comment on Fred’s post.





  • December 1st, 2007

    It’s December 1. (Sorry to break that news to any of you who may be thinking November just got started.) I realized it is December because I was just notified by Amazon that my “sold out” Kindle that was not going to be available until December 6 has just shipped. I mention this only because some over-hyping eBay sellers are suggesting the Kindle is going to be sold out until after Christmas (note: Amazon is saying the Kindle is temporarily out of stock — as my order indicates, they are not out of stock until after Christmas ).

    Update: Despite evidence (a UPS tracking number that says my Kindle has been picked up in Louisville, Ky., to prove that Amazon has Kindles and is shipping them, apparently they are indeed saying they’ll not be available until after Christmas.

    Note: Who knows? I may be selling a used Kindle on eBay in time for Christmas.

    That reminds me: The 17-year-old is selling his PS2 with some Guitar Hero games and wireless guitar controller bundled-in. The auction ends tomorrow. With the proceeds and some help from Santa, he hopes to move his virtuosic Guitar Hero skills to an X-Box 360. Only Santa knows if his strategy will succeed.