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Henry Blodget
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Entrepreneur
    (1966- )
    Born in Manhattan, New York
    Internet analyst for Merrill Lynch
    Frequent guest on CNBC during the dot-com boom
    Founder, CEO and editor-in-chief of Business Insider, a business news aggregator website
    He declared, ‘Just became the internet stock phenomenon looks like a bubble, it isn’t a given that the bubble will burst.’
    He promoted dot-com stocks like GoTo.com and [email protected] while describing the companies in his private emails as ‘junk,’ ‘dogs,’ and ‘real pieces of shit.’
    After his emails were publicized by New York Attorney General Eliot Spitzer, the Securities and Exchange Commission launched a fraud investigation.
    He settled the case with no admission of guilt by paying a $2 million fine and accepting a permanent ban from the securities industry (2003).
    After graduating college, he taught English in Japan.
    He first gained attention on Wall Street in October, 1998, when he predicted that Amazon.com, then trading at $240 a share, would reach $400 before the end of the year. Despite skepticism from more established traders, Amazon surpassed the predicted share price in just three weeks.
    A few months before the internet bubble burst, he told CNBC viewers that they should avoid having more than 5% of their stock portfolio in high-risk companies like dot-coms.
    He sold Business Insider to German publisher Axel Springer for $343 million (2015).

Credit: C. Fishel


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