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this happens in every market, it's called insider trading and to expect google to be immune is naive. it's a risk and/or cost of doing business.
by nessence 18y ago
this happens in every market, it's called insider trading and to expect google to be immune is naive. it's a risk and/or cost of doing business.
- ellyagg 18y agoYes, this happens in many industries, but what he's saying is that Google probably doesn't take the same precautions that other industries do/are forced to.
- patio11 18y agoInsider trading? You mean that defined crime with the lock-you-away-in-federal prison penalties routinely imposed? Investigated by a dedicated government agency? Which I got an email about four days ago? From the corporate division whose job it is to sniff out and eliminate insider trading? By, for example, emailing every engineer 4th class to remind them that earnings announcements are coming out this week and that all trades of company stock within 4 days of the announcement are to be made only with signed authorization and that infringement of the rule is grounds for immediate termination regardless of whether I have actual insider information or not? That insider trading? This resembles what you think goes on inside Google? In what way, pray tell?
- jraines 18y agoThere's a market for keywords, and these employees (we are, I guess, assuming for this discussion) have insider information on those. Like you said, it's worth millions, and like stock trading, it's basically a zero-sum game, so if you become a big winner by cheating, there are people losing unfairly. Just because it doesn't have the kind of rules around it that you describe doesn't mean it's not analogous. In fact, I thought that analogy and the galling lack of such oversight was your original point.