Sunday, November 26, 2006

YouTube vs. Boob Tube

Google – as you may have read in every publication, online and off, in the entire freaking world – just paid $1.65 billion in stock to be the cute little kitty-cat's home.

The price tag for YouTube, just to put the investment in perspective, is what Target paid for 257 Mervyns department stores and four distribution centers in 13 states, and just a bit more than WPP Group paid for the Grey Global Group advertising network with 10,500 employees in 83 countries generating $1.3 billion in revenue. Those, of course, are both profitable enterprises with vast fixed assets. YouTube's fixed assets pretty much consist of a video interface and a cool retro logo. So why is it worth nearly six times the gross domestic product of Micronesia?

This story will definitively answer that question.


Blogger wilfredo pascual said...

google owns you and me. this year, it also bought blogspot.

12:51 AM  
Anonymous ituloy angsulong said...

offtopic: blog hopping! care to ex links?

9:24 AM  

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