Cameron's Links
"A profitless Web site started by three 20-somethings after a late-night dinner party is sold for more than a billion dollars, instantly turning dozens of its employees into paper millionaires. It sounds like a tale from the late 1990's dot-com bubble, but it happened yesterday."This is from this article on Google's purchase of YouTube for $1.65 Billion. By the way, that's a lot of money.Is the boom/bubble of the 90s back? Obviously, there is a difference betweeen a boom and a bubble, but such an exorbitant price is suspicious. I gotta say that I found this paradoxically funny:
"YouTube's founders decided to have lunch on Wednesday with Google's co-founder, Larry Page, and its chief executive, Eric E. Schmidt...at Denny's near YouTube's headquarters in San Bruno, Calif. The Google executives threw out an offer of $1.6 billion..."$1.6 Billion at Denny's? Who'da thunk? Posted by charr at 8:59 AM
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