
The love affair of a smitten crowd of tech-industry watchers, analysts, and enthusiasts with Google has come to an abrupt end. The aura of super smartness and an unconventional persona has melted away.
Several people related Google's atypical choices and actions with its ability to innovate rapidly and delight its customers and investors endlessly. "Don't be evil" was romantically disarming -- a refreshing new ideology that many believed would finally free the tech world from the "my way or the highway" ways of Microsoft. Unfortunately, that much awaited change in ideology may not happen soon.
Irrational Exuberance 2.0 is over. From a peak of $475.11 on Jan 11, 2006 Google's stock today stands around $343. (Imho there is plenty of space for a further slide.) Hey Wait! No one warned us! Cry out bewildered stakeholders realizing that just before Jan 31st Quartely results declaration, Google's co-founders cashed in for over 12 million shares. The charmer has crossed the line once again and this time people are loudly protesting. Forget the irresponsible investor guidance behavior. There are "don't be evil" pleas about Privacy Issues that Google seems to be overlooking smugly. For Google strangely, being technologically super smart is the equivalent of being super good.
Several advanced users are simmering with discontent, even anger, on Google's brash overlook of privacy concerns in Google Desktop 3. Clicking "OK" on a software use agreement without fully comprehending its legal-speak has become a norm for software consumers -- especially when such software comes from an established and well-known company like Google.
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» Don't be Evil! -- How big brands manage to hide truth from consumers from TheBizofCoding
(This post continues from my previous post on Google's gaffes.) Lack of consumer awareness about privacy issues with desktop search does not reduce the responsibility of Google. Several people smoke even when a cigarette box shouts loud and clear ... [Read More]
Tracked on: March 11, 2006 2:57 AM | Permalink to Trackback