Google to acquire YouTube for $1.65 billion in stock
Submitted by srlinuxx on Mon, 10/09/2006 - 19:11.
Google Inc. said Monday it’s buying No. 1 Internet video sharing Web site YouTube Inc. for $1.65 billion in stock. The deal is regarded as a largely defensive one that leapfrogs Google into a leading role in a burgeoning Internet marketplace.
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$10 billion cash, stock is targeted at $650.00 here ?
Google is an Advertising company. success is measured by cash holdings, and 175,000 search engine servers.
Now, branching out for a successful website of short clips of home movies and licensed music?
Reminds of Michael Robertson's MP3.com, except without the unauthorized material.
We have projected that their business plan can land them a price tag of $650.00 per share of their stock. Yesterday it was quoted at $429.00 per share.
This stock will move beyond the barrier at $430.00. If not then it could pull back to $350.00 the resistance level. If you invest long term, you have to do your own due diligence.
Since advertizing rates depend on the number of suscribers. Youtube will add much revenue for Google.
Why All the Media Has it All Wrong about Google/YouTube
You know that old saying - if you're a hammer, everything looks like a nail?
Well, it's true.
And if you're big media - than all stories about media are about 'bigness' or about wanting to achieve bigness, or about consolidation to achieve bigness.
The only problem is - no one is asking the customers if the relative size of the media participate in makes it more engaging.
Just take a look at the statistics. While the media likes to report the size of MySpace as a single number, that doesn't really make any sense. MySpace is a zillion tiny little networks (some really wonderful, others really creepy). There is statistic floating around that says 65% of all the videos teens watch on the web is created by someone they know. How cool is that.
If bigness is no longer the driver - than what is? Well, it is in fact smallness. The narrow-nitchafication of media.
Full Story.
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You talk the talk, but do you waddle the waddle?