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Henry Blodget: Publishing Comeback After Dot-Com Crash

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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This week in our Masters in Business radio podcast, we speak with Henry Blodget, head of Business Insider.

Blodgett was a little-known stock-market research analyst who in October 1998 made the stunning prediction that Amazon.com, then trading at about $240 a share, would reach $400 during the next year. The stock hit his projection three weeks later and a Wall Street media darling was born. Blodget later paid a $4 million fine and was banned for life from the securities industry by the Securities and Exchange Commission amid accusations of writing biased research reports during the dot-com boom. He later became chief executive officer and editor-in-chief of Business Insider, one of the fastest growing news websites, with financial backing from Amazon founder Jeff Bezos.

Listen to the full podcast at Bloomberg, on Apple iTunes or SoundCloud. All of our earlier podcasts are now available on iTunes.

Next week, we speak with the Vanguard Group Chief Executive Officer Bill McNabb.

This column does not necessarily reflect the opinion of Bloomberg View's editorial board or Bloomberg LP, its owners and investors.

To contact the author on this story:
Barry L Ritholtz at britholtz3@bloomberg.net

To contact the editor on this story:
James Greiff at jgreiff@bloomberg.net