Poster Boy for Dotcom Bubble Takes Package at Merrill Lynch
The New York Times reports that Internet stock analyst Henry Blodget has accepted a buy out package from Merrill Lynch and will leave the company soon. Blodget became a poster boy for Internet stock mania when he predicted that the stock of Amazon.com would rise to $400 per share.
Blodget's resignation from Merrill will ultimately appear as a point on the timeline representing the lifecycle of the Dotcom bubble. No one should cry for him, he made more money in the last three years than most families will see in two generations.