Web Meltdowns
December 6, 2006 – 1:35 pmI 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.
Posted in Fred Wilson, Wallstrip
6 Responses to “Web Meltdowns”
Right…it must be everyone elses fault that a show with an awful concept will not get picked by a channel that barely scores above test pattern ratings and severely suffers from lack of content. On a substantive note, the bullish market is not because â€ÂLESS people believe or care about the stock market.†There are reams of evidence that repeatedly demonstrate that more people, as well as a higher percentage of the world’s total population are shareholders in public companies than at any time in history. Where does he think the term “investor class” comes from?
â€ÂIf they launched a real estate “get rich†channel - THAT WOULD GET RATINGS!â€Â
Why would they need to launch an entire channel? Carlton Sheets has been promoting that scam on 3 AM informercials for years. Sounds like Mr. Lindzon does not have the faintest clue when it comes to media, ratings, content or audiences (which really makes me wonder why and how long Wallstrip will be around).
By Josh on Dec 6, 2006
loren - your remarks are classicly out of context, but thanks for getting the link correct.
By howard Lindzon on Dec 6, 2006
“…thanks for getting the link correct.”
Something you apparently couldn’t do yourself (since your comment links to your older site).
Don’t blame Loren for your business and technological inadequacies.
By Mike on Dec 6, 2006
Aww, leave him alone Mike, it’s easy I know, but give him a break.
By Loren on Dec 7, 2006
I watch Wallstrip every day, and don’t think I’ve ever turned on CNBC unless I was flipping through the channels looking for Fox News.
I can’t imagine CNBC is going to start producing Internet content that I’d watch for free. Did I understand correctly that they think people will pay for it?
I disagree with Howard that it’s obvious how video content works on the Internet from a business perspective — I don’t think anyone really knows. But CNBC isn’t going to be kicking anyone’s ass, that is obvious.
By jvon on Dec 7, 2006