After agreeing to pay a whopping one billion six hundred fifty million dollars for YouTube, a company that has yet to show a profit – ever, I’m wondering a couple of things:
1) Are we on the verge of another stock meltdown in the tech sector? I mean, this is starting to sound a lot like those heady days of the late 90′s, when just the rumor of a hot tech stock was enough to make IPO gozillionaires out of companies with no tangible assets.
Maybe the Bush Justice Department will be smart enough to not go after Microsoft, or the telecoms, and just stay out of the game for the next two years. I’m hopeful, anyway.
2). If YouTube is worth that much, then how much will this web 2.0 hottie be worth in another year or so? Slideshare bills itself as the Youtube of Powerpoint. OK. I like it so far. Not a bad concept, at all. AAMOF, I wish I had thought of it, and had the geekability to pull it off.
Slideshare launched in beta, exactly one week ago. I think Powerpoint users are, by and large, a little bit older, with more disposable income than YouTube users. So, the ad bucks could be pretty nice. And, I’m sure Google is watching. They watch everything. Check it out.