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Henry Blodget

Entries by Henry Blodget

That Was a Classy Thing Lloyd Blankfein Did at the Rajaratnam Trial This Week

(146) Comments | Posted March 25, 2011 | 11:11 AM

Goldman CEO Lloyd Blankfein testified at the Raj Rajaratnam insider trading trial the week.

From most accounts, Blankfein's testimony was devastating to Rajaratnam.

Along with just about every other piece of evidence that has been presented thus far, it suggested that Rajaratnam is guilty as charged...

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Three Things I Hate About the iPhone

(224) Comments | Posted March 11, 2011 | 1:44 PM

Yes, I'm glad I switched from my BlackBerry Curve to the iPhone 3GS. No, I'm not switching back.

But amid the hosannahs and salaaming that always accompany this particular device, it's time someone finally spoke up about its deficiencies.

So here are three things I hate about my...

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Is It Time for an Oil Tax?

(242) Comments | Posted February 25, 2011 | 9:27 AM

Well, here we go again.

Three years ago, when oil prices spiked over $100, Americans momentarily freaked.

The world had changed forever! We had to build more efficient cars! We needed a green energy policy!

But then the global economy crashed, oil prices fell back below $100, and...

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The Big Difference Between the Real Sean Parker and the Justin Timberlake Portrayal

(4) Comments | Posted January 26, 2011 | 9:23 AM

Before I saw The Social Network, I hadn't spent much time with ex-Facebook president Sean Parker.

So as the movie unfolded I wondered how true-to-life Justin Timberlake's portrayal of the character named "Sean Parker" was.

In the past week I've actually gotten to spend some time in the presence of...

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Are Wackos With Guns Just a Fact Of Life in America?

(449) Comments | Posted January 10, 2011 | 5:22 PM

Every time some nutcase like Jared Loughner takes his frustrations out by spraying bullets at innocent people, it seems appropriate to ask the following question:

Are these mass-slayings just a fact of life in America?

The answer, unfortunately, seems to be "yes."

Because although it's technically true that "guns don't...

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You're Not Going to Believe This But the Future of the New York Times May Now Actually Be Bright

(1) Comments | Posted December 8, 2010 | 11:54 AM

The New York Times (NYT) almost went bust two years ago.

If not for emergency asset sales, cost cuts, debt-restructuring, and an 11th-hour bailout by Mexican billionaire Carlos Slim, the company's stockholders -- including the Sulzbergers -- would have been wiped out, and the most iconic newspaper in the...

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Here's the Real Lesson Small Investors Should Learn From the Massive Insider-Trading Investigation -- But Won't

(105) Comments | Posted November 23, 2010 | 10:33 AM

The government is reportedly close to filing charges in the largest institutional insider-trading investigation in history

According to initial reports, the investigation could ensnare Wall Street's biggest names: Goldman Sachs, SAC Capital, Wellington, Jennison, MFS Global, Maverick, Citadel, and others. (Here's a who's who of who...

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Wow -- Check Out How Blatantly Our Government Misled Us With the October Jobs Numbers!

(162) Comments | Posted November 15, 2010 | 8:54 AM

Remember last Friday's payrolls numbers -- the ones that blew away expectations about the number of jobs created and got everyone talking about recovery again?

Well, even at the time those payroll numbers were confusing, because the other part of the jobs report -- the "household survey" --...

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Google Needs to Buy Foursquare Now, Before It's too Late

(13) Comments | Posted October 21, 2010 | 3:36 PM

Google has put Marissa Mayer in charge of location services, which suggests that Google is finally taking location seriously.

That's good.

Now Google needs to write a check for Foursquare, before it's too late.

Google missed the social revolution. Google should buy Twitter to address this...

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Here's What Foreclosure-Gate Will Really Do to House Prices

(46) Comments | Posted October 13, 2010 | 1:45 PM

Thanks to revelations that they have been fabricating the documentation necessary to foreclose on some houses, the country's big banks have suspended foreclosures.

This gives us all an excuse to scream about the outrageousness of the bailed-out banks again. It also means that some folks will be able to spend...

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Here's Why Yahoo And AOL Should Immediately Merge

(22) Comments | Posted October 4, 2010 | 2:23 PM

The two struggling Internet giants of the 1990s, Yahoo and AOL, should merge.


(In fact, it's ridiculous that they haven't already).

This idea isn't new -- we've been calling for it for three years, and, according to Kara Swisher, "big investors" are now calling for it, too.

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Walmart Employs 1% of America: Should It Be Forced to Pay Its Employees More?

(70) Comments | Posted September 20, 2010 | 2:47 PM

Last week, the Census Bureau revealed that an astounding 44 million Americans live in poverty. This is the highest number ever and a jump of 4 million from the prior year.

Inequality in the country is getting ever more extreme: The richest 1% of the country...

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Sulzberger Concedes: 'We Will Stop Printing the New York Times Sometime in the Future'

(95) Comments | Posted September 9, 2010 | 1:29 PM

At a conference in London, Arthur Sulzberger, Jr. conceded that someday the New York Times Company will be forced to stop publishing a printed paper.*

This sounds obvious, but it's a big deal.

The economics of the online news business will not support the infrastructure or newsroom that...

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Let's Be Honest: Microsoft's Mobile Business Is a Fantasy

(16) Comments | Posted August 30, 2010 | 4:47 PM

Everyone's excited about the forthcoming Windows Phone 7 software, which Microsoft bulls are hoping will mark Microsoft's return to relevance in the mobile industry.

Reviews of the software have been good, and the only major complaint is that it's a year behind the rest of the...

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Now AOL's Tim Armstrong Needs to Address His Credibility Problem

(2) Comments | Posted August 5, 2010 | 12:56 PM

Well, AOL blew its quarter again--the second straight quarter out of the box. That's not good. But CEO Tim Armstrong didn't help himself (or his company) by the way he delivered the news.

The notes we've read from the conference call suggest...

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HELP! My Kids Are Addicted to My iPad

(3) Comments | Posted July 22, 2010 | 10:20 AM

Here's one more tiny anecdote to go with the news that the iPad is having pretty much the most amazing new-product launch in the history of technology.

(Can you think of a bigger one? One that proliferated this quickly and generated this much revenue this fast? Netscape's Navigator...

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Some Thoughts on Digital Media and the Future of the Newspaper Business

(8) Comments | Posted July 21, 2010 | 10:10 AM

This week Business Insider poked fun at the New York Times's latest discussion of how hard people in successful online media companies work.

We poked fun because the New York Times never seems to portray the energy, excitement, industriousness, and intensity of this business--our business--in...

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Murdoch's First Newspaper Paywall Not Off to a Great Start

(492) Comments | Posted July 20, 2010 | 8:19 AM

Some early numbers are leaking on Rupert Murdoch's London Times paywall experiment.

After a month of forced free registrations and two weeks of a full paywall, Dan Sabbagh at says these are the numbers:

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Now Even the Fed Thinks the Economy's Going to the Dogs

(72) Comments | Posted July 16, 2010 | 1:50 PM

In case you missed this week's Fed minutes, the Fed is now pulling a Wall Street: Cutting its estimates after the stock has already tanked.

The Fed's "central tendency" forecast for the economy's growth this year is now 3.0%-3.5% instead of the 3.2%-3.7% from the meeting in April.

Something tells...

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Check Out Those FaceTime Ads: Think Apple Understands The Network Effect?

(4) Comments | Posted July 13, 2010 | 8:21 AM

Everyone is going nuts about the latest Apple iPhone ads, which feature normal people using FaceTime video chat to laugh and cry together.

As far as we're concerned, the jury is still out on whether Apple's new FaceTime iPhone video chat will be the next big thing or...

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