Asshat of the Week Award: Herb Greenberg/Brad Safalow

Mr. Greenberg aka “The Grinch”

Okay, this has been irking me all day long, ever since I saw, much to my chagrin, this fucking retard spew bullshit on CNBC this afternoon, regarding OPEN. Look, if you want to talk shit about OPEN, say its p/s or FPE ratios are out of whack, just like the perpetual short CRM/AMZN crowd have been whining about for, oh I don’t know, 300% of upside now. But DO NOT go on the teevee and disseminate lies.

For example:

Brad Safalow, fucktard who writes for none other SEEKING MOTHERFUCKING ALPHA, as well as his own hovel Please Act Accordingly.com, claims Yelp and Urbanspoon are ardent and hard charging competitors to Opentable. Really? Are you sure about that pal?

Dated 6/3/2010 on Yelp’s blog:

If you’ve followed this blog long enough, you know that many of our product features are driven by user feedback. You probably also know that restaurants make up around 29% of the reviewed businesses on Yelp.

What you didn’t know is we’ve been hard at work integrating OpenTable into Yelp so our users can book reservations with ease. One click and BAM! It’s that easy.  Logged in Yelp users are now able to easily book a reservation using this feature and you don’t need to have an OpenTable account. Already have an OpenTable account? Groovy! If you used the same email account to set up your Yelp and OpenTable accounts – you’ll automatically receive credit to your OpenTable account, for your reservation — no need to log into both sites. We’ve got your back.

You fucking imbecile, Yelp is a partner of OPEN‘s. And, to top it off, the only relevant website that could ever threaten OPEN‘s dominance, Tripadvisor.com, have a partnership as well. He claims two other absurdities, during Herb “The Short Sellers Favorite Conduit” Greenberg’s softball interview, such as Urbanspoon being a competitor and get this: PEOPLE REVERTING BACK TO THE OLD FASHIONED WAY OF BOOKING RESERVATIONS, VIA CALLING THE RESTAURANT!!!!!

You cannot make this shit up. That’s like saying the internet is a fad or electricity will soon give way to the pleasures of wax candles.

First of all, people aren’t going back to the “old ways” Brad. And, lastly, Urbanspoon has booked just 50,000 seats, from a grand total of 150 eateries, since inception.That’s like comparing Joe’s Corner Coffee Shoppe to Starbux. Perhaps you should take a gander at OPEN‘s latest milestone, dated yesterday:

OpenTable seats 200 millionth diner; diners have spent approximately $8 billion at partner restaurant (85.21 )

Co announcs that it seated its 200 millionth cumulative diner during the first quarter. Diners seated via online reservations through OpenTable have now spent an estimated $8 billion at partner restaurants.

QED

OPEN goes to $175 by 2012.