UK 10:28 Friday, 6 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Two months after seemingly feeling it satisfactory to merely note that it “strongly refutes the assertions made and conclusions drawn in the blog post”, internet media company blinkx plc (BLNX) has today published what it describes as “a detailed response” (see HERE) to Harvard associate professor and UK Investor Show speaker, Benjamin Edelman’s analysis. Is this change of tact perhaps related to a share price which has failed to really recover since Edelman’s publication?
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Comments
Libero
Great write up.
I read the original blog and blinkx’s detailed response and I found the response to unsatisfactory. The cage-iness on providing more information about its revenue was particularly poor show and to say there was no reason to do so “other than to satisfy academic curiosity” was absolutely ridiculous considering that blinkx felt it was necessary to provide a detailed response to Edelman in the first place.
I also thought blinkx missed the point a bit because their response was very much about whether X or Y is legal / regulatory compliant or not when it’s not all about that. Edelman found major faults in the business model which happened to be morally questionable but, ultimately, he was right in saying those things have serious implications for the longevity of the business.
Another sign of how unsatisfactory nature of their response is to look at how the share price has fallen further to below 100p today!