Google IPO

Jonathan Zittrain comments on the Google IPO in this morning’s Boston Globe.

Thanks to Google’s desire to align profits with the valuation of the investing public whose imagination and loyalty it has largely captured, a Silicon Valley 6-year-old’s opening roar has rattled Wall Street. But as the IPO’s opening bell fades, the clash between Google’s contradictory egalitarian and elitist impulses are certain to make it a volatile investment as soon as next week, not to mention for years to come.