Henry Blodget: Publishing Comeback After Dot-Com Crash
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.
Next week, we speak with the Vanguard Group Chief Executive Officer Bill McNabb.
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