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DoA
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Joined: 17 Feb 2006
Posts: 810
Location: Newcastle Upon Tyne
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Posted: Tue Oct 10, 2006 9:33 am
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| Post subject: Google buys YouTube - 900 Million! |
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900 Million F*** me!
Set up by two guys in a garage 20 months ago, now 100 million videos are stored there!
Well f***ing done!
Wow! |
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Mel
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Posted: Tue Oct 10, 2006 9:55 am
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| Nice post DoA but the price I see reported here is $1.65 billion, which is even nicer. |
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Feydakin
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Joined: 10 Dec 2005
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Posted: Tue Oct 10, 2006 12:57 pm
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| Good for them.. It's always nice to see someone with a rather simple idea make a gob o' cash when someone comes along and buys them up.. |
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CrankyDave
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Joined: 12 Dec 2005
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Location: Playing with fire!
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Posted: Tue Oct 10, 2006 2:02 pm
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Here's the best part...
According to reports, they were only making enough money to to pay expeses... no profit.
Guess they don't have to worry about that now!
Dave |
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Stevelegh
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Joined: 09 Dec 2005
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Location: Portsmouth England
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Posted: Tue Oct 10, 2006 2:06 pm
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didn't these guys work for Google or someone?
I heard that they came up with the idea and decided not to offer it up at the next board meeting, then went and did it themselves.
If so, hooray for the little guys!
(If anyone's interested, I've got a few unoriginal ideas I'd like to sell for a few million............) |
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Feydakin
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Posted: Tue Oct 10, 2006 2:10 pm
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| That would be one hell of a work contract if this was true.. The whole work for hire thing gets in the way of creating new things for yourself.. |
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overdriveelectronics
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Joined: 23 Jun 2006
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Posted: Tue Oct 10, 2006 2:23 pm
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| Damn, I wish I could get a little piece of that pie! I need to come up with something crazy and have google pay me for it. I guess I need to get to work then! |
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fmj
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Joined: 17 Nov 2005
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Location: Midlands, UK
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Posted: Tue Oct 10, 2006 3:43 pm
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| Mel wrote: |
| Nice post DoA but the price I see reported here is $1.65 billion, which is even nicer. |
Which is around 900 Million in GBP ;) |
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Feydakin
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Posted: Tue Oct 10, 2006 4:07 pm
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And from what I see it's all in stock..
Take my advice, sell.. Sell it all.. Sell it as fast as you are allowed to legally.. DUMP IT!!
Well, dump a lot of it and get the cash.. I know too many guys that lost everything they made to stock options.. *shudder* |
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MikeR
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DoA
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theGypsy
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DoA
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Posted: Tue Oct 10, 2006 6:39 pm
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900 million is absolutely ridiculous for that site! I can't think how they're gonna use it to get their money back --> they mentioned making the searching for videos easier --> its already easy as pie! (and why didn't the admins just add a google search box? They'd have made enough from search revenue.
Confused as to the point of G buying it |
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CrankyDave
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Joined: 12 Dec 2005
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Posted: Tue Oct 10, 2006 6:41 pm
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| DoA wrote: |
900 million is absolutely ridiculous for that site! I can't think how they're gonna use it to get their money back --> they mentioned making the searching for videos easier --> its already easy as pie! (and why didn't the admins just add a google search box? They'd have made enough from search revenue.
Confused as to the point of G buying it |
I think I heard the traffic was 70 million.
What do you suppose that kind of traffic is worth?
Dave |
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Feydakin
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Posted: Tue Oct 10, 2006 6:47 pm
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There were an awful lot of stocks back before the big bust that were thought to be safe as well.. They all took hits.. We are quickly entering the overvalued stock price range that will cause another contraction in the value of the shares.. I still have mine, but not 1.65 billion dollars worth.. Having that much money tied to a single stock is nuts..
As for converting traffic to money.. My guess is that they will slap adsense on it and call it done  |
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