Should their investors not have made calls? However, it should be noted that they did their part.
One of my favorite quotes is this: "To save a drowning man, he must first give you his hand"
If the Rap Genius guys were incompetent and did not do their part in removing the links so quickly (see main story for technical details) there would be little or nothing their investors would have been able to do about that.
BTW, it also helped that people really found Rap Genius useful. I'm sure many searched had rapgenius appended to it. So the lesson is, make your app so good that when Google delists you, it will make them look bad.
Thankfully?, there is also a precedence for other offenders to use. if you can detail you have atoned for your sins and Google insists your you must do a certain time, you know where to turn to.
BTW, this is Hackernews, and I look forward to the discussion of the (de)merits of how they scrapped and analyzed 177,000 links and not espousing of anger that they survived the punishment.
I'm sure Mahbod (my favorite) and co have learned that you do not go 'daaawging' when you are in a hole. I wish them success.