Meta Buy Out
Following up on Geoff's post about Google spending a ridiculous amount of money on YouTube's copyright violation machine:
Here's a video of the YouTube guys discussing the situation. As Andy Baio points out "they seem giddy... I wonder why?"
At four times the price of Murdoch's MySpace deal one has to wonder why the internet seems to be forever lost in a karmic cycle of bubble and bust? I was working in the states in a college IT department during the height of the dotcom era. Things were pretty nice there at the time, little work and lots of pay. Then I had the experience watching my friends being "downsized", "restructured" and "consolidated" one-by-one. So, how is this boom different than before? Is YouTube that different from the thousands of other technology companies that had zero profit but high stock prices?
UPDATED: Spelling, grammer.
Here's a video of the YouTube guys discussing the situation. As Andy Baio points out "they seem giddy... I wonder why?"
At four times the price of Murdoch's MySpace deal one has to wonder why the internet seems to be forever lost in a karmic cycle of bubble and bust? I was working in the states in a college IT department during the height of the dotcom era. Things were pretty nice there at the time, little work and lots of pay. Then I had the experience watching my friends being "downsized", "restructured" and "consolidated" one-by-one. So, how is this boom different than before? Is YouTube that different from the thousands of other technology companies that had zero profit but high stock prices?
UPDATED: Spelling, grammer.
posted by Anonymous at 9:15 am
2 Comments:
Imagine if Youtube took off all the copyrighted material, it would lose popularity ten fold.
Ugh, the video is horrible. I'm still cringing. Can't they now afford some PR advice on how to look something other than utterly insincere. Boys in a sweetshop...
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