It was barely 10 days ago when the news broke of Amazon's Bezos investing $5 million is Blodget's web site, Business Insider. Most saw it as Bezos' genius investing in the up and coming web site. I just saw it as one pal taking care of another, as Blodget has been a vociferous support for Amazon almost from its inception.
Now Blodget has returned the favor by publishing an article lauding Amazon effusively as an example for other companies to follow.
Is this what has happened to journalism? It has become so contaminated by conflict of interest that people no longer even hide their incestuous relationships. Can anyone honestly read this so-called article and believe it's even close to being impartial?
Bezos is indeed a genius by the way he has pumped up Amazon's shares and by fooling a flock of sheep to believe his company is special and deserves its outrageous valuation. As for the rest of us, there's no need to read the Business Insider article. Surely it is filled with much praise and positivity for a company whose greatest asset is its gullible investors.