January 15, 2005

Reading something insignificant?

Rayne Today

According to ZDNet last week, a Wall Street analyst feels "the blogger phenomenon is insignificant..."

Apparently he feels this is just a little thing; so few people are involved in blogging that it has no impact.

What rock is this guy living under that he missed the impact of Howard Dean's campaign on political organizing and fundraising?

How'd an analyst, presumably watching the tech sector, miss the Pew Internet & American Life study of the blogosphere published last month, noting that 8 million Americans have created a blog and that 27% of internet users read blogs?

This attitude does little to increase my trust in Wall Street. I'd hate to think I'd ever have to trust people like this analyst to manage my retirement portfolio...

Posted by rayne at January 15, 2005 9:16 PM

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