Google’s acquisition of YouTube for $1.65bn – admittedly in stock, or ‘pretend money’ as we laypeople like to call it – obviously echoes eBay’s even more ludicrously priced acquisition of Skype. Which in turn seemed like a repeat of AOL/Time Warner. You know, the first time as tragedy, the second as farce. Except that instead of an Internet company swapping its fake value for the real value of a real company, now Google is swapping a share of its fake value for YouTube’s fake value. continue
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Oh no, not again!, or, If YouTube is worth a billion quid, I’m a banana
on 10 October 2006
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