1938 Media Old Values - New Media

I love watching people lose it. It’s funny. That’s what I really love about “transparency” people losing their shit in public always gives me a good laugh. It seems Howard Lindzon had a meeting with CNBC that did not go very well. He goes nuts over it. Lots of great stuff. My favorite part is the update:

“UPDATE - This is not CNBC hating or jealousy I swear. The cold hard fact is - LESS people believe or care about the stock market - THAT’S WHY IT IS GOING UP. They don’ t have eyeballs to get! Don’t believe me - watch the “man on the street” wallstrip show about stock picks. People stopped caring in 2003, right when the market started climbing again. If they launched a real estate “get rich” channel - THAT WOULD GET RATINGS!”

So he basically says that there is no audience for that kind of content, you know the kind of content that is Wallstrip. Classic.

Wilson sells his home, Calacanis goes big time.
mp4

So I’m reading Howard Lindzon this morning. He produces WallStrip some financial video show. They goof hard on Cramer on the show today. He also tears Jim Cramer a new ass on his blog.

“Let’s face it, America loves Cramer. BooYUTZ! Let’s not lie, he is brave and shameless. I just posted over on my blog how that creates Celebrity in this Web 2.0 world. Add Cramer to that list. I could not, would not go there. I am happy to give up what he has gotten. Queen’s Public Acces - BIG DEAL!”

Harsh.

Then I go over to Fred Wilson’s blog, he’s an investor in WallStrip, he is also was one of the original TheStreet.com investors. His tone was slightly different.

“Wallstrip is a fan of Jim Cramer and they showed their appreciation for him and his Mad Money show with this roast.”

So I happen to be a member of the Friar’s Club, the guys who invented the roast. I know roasts. Roasts are done with love from friends. Lindzon’s tone doesn’t sound like he’s a friend, and Fred sounds like he’s a diplomat doing damage control.

UPDATE: The obsession with Cramer continues on Lindzon’s site.