[...] what is new is the relation between productive and finance capital. The financial performance of Google (or any public company) is closely watched by institutional investors. Google, once a darling of a stock market, is now seen as an underperforming company [...] whom Google should please--it is not the users, not the content producers, not even the advertisers, but the investors. [...] The excessive power that investment banks have over public companies may be something new to the trajectory of capitalism, something that occurred since the 1990s in the centuries-long history of capitalism. [...]
not sure how much the specific assessments of Wall Street's behaviour hold up now, but the relationship between SV & finance is important and worth drawing out more