Google Wise?

Google debuted yesterday, shooting up to USD100 from USD85. Such news couldn't be any better, for a company, founded upon ideals and ambitions of the people, from geeks to netizens alike.

It couldn't be any better to actually own a piece of that company. Can its future be anything but rosy with a string of sensible innovations ever since its founding? Perhaps it's the only tech giant that still maintains enormous goodwill with its users - Incredible, to say the least, in a world where once you are big, you are labelled a giant wrestling for monopoly, stifling competition.

And yet, morning star has an article throwing cold water on this sizzling, highly anticipated google IPO, with good reasons of course.

It even highlights a move by google's management which is equivalent to shooting themselves in foot which earned them their public goodwill:

When our analyst writes his or her "Management" section on this company, it will probably read something like this: "Insiders hold Class B shares, which have 10 times the voting rights as the Class A shares held by ordinary investors. This gives insiders control over the board of directors and makes it very difficult for public shareholders to have any impact on the management of the company." Tsk, tsk, Google. What about the "Don't Be Evil" principle you mention in your filing?

Which bring us back to the topic of the future of google. Will it still retain its big friendly giant status, or will it go the way all giants go? Only time will tell.