The Billion Dollar Babies
What’s this with YouTube’s being valued at a billion dollars? And now Google has made a $900 million deal with News Corp for AdSense on MySpace. You never knew blogging and grassroots media was going to be this big, did you?
But the big winners are still the companies. As for us little ones? Well, we get the chance to publish our foolish moment on YouTube and we get our fifteen minutes seconds of fame. And the big guys get all the market data they need to last a lifetime.
[...] When you hear news about YouTube’s being worth a billion dollars or Web 2.0 posterboy Kevin Rose going from zero to millions from his digg.com, you might think, I’ve seen this before. No, it’s not the money. It’s the hype. Excitement might prompt investors and tech-savvy businessmen to buy, buy, buy into seemingly good investments. [...]
Jack of All Blogs » Blog Archive » Bubble 2.0 said this on September 23, 2006 10:23 am