Monday, October 09, 2006

Google, investors nuts

Google is shelling out $1.65 billion for YouTube, a site that has never made a profit and has major, major copyright problems.

That's nuts.

Google's stock rose on the news that it grossly overpaid for YouTube.

That's nuts.

I own a web site. I don't know of any associated copyright problems, and it has earned an exceedingly small amount of advertising revenue.

Bidding starts at a lousy $1 billion.

Hey, go nuts.

1 comment:

geoff said...

I'll offer you $1 billion but it has to be in stock from my new start-up company