What would Google IPO do to Blogger?

There is plenty of talk around about Google going public sometime early next year. Google doesn't need money, according to Google owners. I guess they just want money.

So, once a company goes public and has shareholders, and once shareholders demand that a company be as profitable as possible, where does that leave Blogger? Blogger is definately not profitable to Google. I don't know what use Blogger is to Google other than the public statement about Blogger "fitting in" with Google's search strategies. I only know that Blogger is not going to ever be a profitable part of the Google company. That's fine if you are privately owned. I predict that if Google goes public, there will be immediate pressure to spin off Blogger.

Maybe bloggers in general should offer to buy Blogger from Google. There's a thought: Blogger owned by bloggers.