Blog IPO's

It is a intriguing concept to think about the buying and selling of shares of blog sites.  While blogshares.com is just for kicks, it is still plausible that a real market for ownership of blogs could come to be.  You might think that would amount to the ownership of absolutely nothing, and you would sort of be correct, but it still could work.  How? 

First of all, every stock/share of a company bought and sold today has no intrinsic value, zero, zilch, nada, nuttin.  You only own a piece of paper and the (potentially misguided) belief that some day in the future when you want to sell it there will be someone willing to buy it from you.  It's what someone is willing to give to you for your share that determines the value of your share.

You might make the argument that stocks pay dividends but it is also true that many stocks don't.  You then could point out that shareholders get to vote, usually to elect board members and such.  Well, blog shares could do the same thing.  Imagine voting in a cabinet of people whose sole duty would be to decide the next years format of the Wayward Weblog.  It could happen!

Certainly, by going 'public' and selling off the lions share of this site is the only way I'm going to become filthy rich in the near future.  Independently wealthy, this blog would then be able to consume 100% of my time. 

Matt

Comments

• Anonymous
  June 24, 2004
  Not quite true that shares are meaningless. Some shares of stock are legal documents entitling you to collect dividends. This is the driving force behind most of my portfolio - I only buy stocks with dividends so there's a reduced risk of the stock price failing.
• Anonymous
  June 24, 2004
  I mentioned the 'dividend' angle.
• Anonymous
  June 24, 2004
  This is similar in theory to how you can buy and sell game items in EverQuest or Ultima Online for real money in real-life.
• Anonymous
  June 24, 2004
  The comment has been removed