{"id":39641,"date":"2015-01-04T10:02:09","date_gmt":"2015-01-04T15:02:09","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=39641"},"modified":"2015-01-04T10:02:09","modified_gmt":"2015-01-04T15:02:09","slug":"business-insider-makes-outlandish-claim","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/business-insider-makes-outlandish-claim","title":{"rendered":"Business Insider Makes Outlandish Claim"},"content":{"rendered":"<p><span style=\"color: #000000;\">The other day I read a post on the insightful blog \u201cAVC\u201d, which is written by venture capitalist Fred Wilson. The post dealt with Fred\u2019s thoughts on some technology trends for 2015 and beyond. As usual the post was written in clear and measured prose. I took note of his comment that he believed the Apple Watch (iWatch) would not be a smashing success similar to the iphone or ipad, but didn\u2019t give it much thought beyond that at the time.<\/span><\/p>\n<p><span style=\"color: #000000;\">January 2nd I arrived late to our Manhattan trading floor and was looking forward to a short work day. I noticed a link on my Twitter feed about the iWatch potentially being a flop that\u00a0linked to a Business Insider (BI) article. The article referenced Fred\u2019s blog post. I smiled as I knew that Fred had never said the iWatch would flop but BI had decided that he had. His words were:<\/span><\/p>\n<p>The Apple Watch will not be the homerun product that iPod, iPhone, and iPad have been.<\/p>\n<p><span style=\"color: #000000;\">I think his words leave open the possibility that the Apple Watch could be a double and not necessarily a strikeout as BI seems to be saying!<\/span><\/p>\n<p><span style=\"color: #000000;\">Around 9:45AM I saw a tweet from Fred expressing his frustration that an article on BI claimed he declared the iWatch would be a \u201cflop\u201d. Around the same time various filters on my trading platform indicated there was unusual trading activity in Apple\u2019s stock. I posted the following on Stocktwits.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><\/strong><strong><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/01\/spencer-fred-wilson-tweet.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-39643\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/01\/spencer-fred-wilson-tweet.png\" alt=\"spencer fred wilson tweet\" width=\"617\" height=\"97\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/01\/spencer-fred-wilson-tweet.png 617w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/01\/spencer-fred-wilson-tweet-300x47.png 300w\" sizes=\"auto, (max-width: 617px) 100vw, 617px\" \/><\/a><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">_____________<\/span><\/p>\n<p><span style=\"color: #000000;\">Perhaps I should have posted \u201cBusiness Insider distorts Fred Wilson article causing traders to sell Apple on a slow news day\u201d.<\/span><\/p>\n<p><span style=\"color: #000000;\">_____________<\/span><\/p>\n<p><span style=\"color: #000000;\">Fred\u2019s blog discusses current and future technology trends and how they impact people\u2019s lives. As a technophile I enjoy Fred\u2019s columns very much as well as the high level of discourse that takes place in the comments section. I don\u2019t know Fred personally but having read his column for years he strikes me as fairly laid back and not easily riled up, so it seems likely he felt strongly what BI had done was very inappropriate behavior.<\/span><\/p>\n<p><span style=\"color: #000000;\">BI\u2019s reaction to Fred\u2019s outrage was along the lines of \u201cyou wrote an opinion piece and we interpreted it in a certain way which makes perfect sense to us.\u201d<\/span><\/p>\n<p><span style=\"color: #000000;\">A chart on BI that shows a series of projected iWatch sales for 2015 caught my attention. One of the projections was from \u201cBI Intelligence\u201d. This appears to be a <a href=\"https:\/\/intelligence.businessinsider.com\/welcome\">research service <\/a>that is part of\u00a0BI and charges for the reports that they produce. BI Intelligence is at the low end of projections, so poor performance of the iWatch would be a notch in their belt. Henry Blodget, BI CEO, has <a href=\"https:\/\/twitter.com\/hblodget\/status\/551135210499485696\">tweeted <\/a>\u00a0several times that he is highly skeptical that the iWatch will be successful as well. And now BI&#8217;s\u00a0Deputy Editor Jay Yarrow has written a\u00a0post\u00a0that says there is no in between for the iWatch it\u00a0will either be\u00a0a <a href=\"http:\/\/www.businessinsider.com\/why-the-apple-watch-has-to-be-a-home-run-2015-1\">hit or a flop<\/a>. I suppose he did this in response to Fred&#8217;s and many others commenting\u00a0that it is\u00a0very possible to\u00a0achieve a level of success somewhere between a flop and a hit.\u00a0<\/span><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/01\/iwatch-estimates-year-1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-39645\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/01\/iwatch-estimates-year-1.png\" alt=\"iwatch estimates year 1\" width=\"594\" height=\"442\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/01\/iwatch-estimates-year-1.png 700w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/01\/iwatch-estimates-year-1-300x223.png 300w\" sizes=\"auto, (max-width: 594px) 100vw, 594px\" \/><\/a><\/p>\n<p><span style=\"color: #000000;\">So in summary, a division of BI is projecting low iWatch sales, their CEO is tweeting he thinks it will do poorly, and finally they ran a \u201cnews story\u201d claiming\u00a0one of the top venture capitalists in the country as supporting their view that the iWatch will \u201cflop\u201d. I\u2019ll allow you to be the judge as to who is being fair and balanced in this instance.<\/span><\/p>\n<p><span style=\"color: #000000;\">no relevant positions<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The other day I read a post on the insightful blog \u201cAVC\u201d, which is written by venture capitalist Fred Wilson. The post dealt with Fred\u2019s thoughts on some technology trends for 2015 and beyond. As usual the post was written in clear and measured prose. I took note of his comment that he believed the Apple Watch (iWatch) would not &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/business-insider-makes-outlandish-claim\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":143,"featured_media":39643,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[2713,4245,3451,4244],"class_list":["post-39641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-steven_spencer_steves_blogs","tag-business","tag-claim","tag-insider","tag-outlandish"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Business Insider Makes Outlandish Claim | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/business-insider-makes-outlandish-claim\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business Insider Makes Outlandish Claim | SMB Training\" \/>\n<meta property=\"og:description\" content=\"The other day I read a post on the insightful blog \u201cAVC\u201d, which is written by venture capitalist Fred Wilson. 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