$1.6 BILLION (with a B) for YouTube

Which, by the way, hasn't even been in business for a year yet.

Sigh.

In happier news, YouTube basically gets its traffic from pure-straight copyright infringement, and, as one guy I spoke to this weekend speculated, the only reason they haven't been sued out the wazoo yet is because they haven't yet had deep pockets.

Well, they soon will. Crazy Google Money.

Don't get me wrong; I like YouTube. I'm just angry to the point of explosive incontence about these jagoffs getting $1.6 Billion dollars for setting up servers allowing idiot high school kids to lip-sync to Justin Timberlake.

Want to make a quick (and I do mean quick) billion dollars?

Get a lot of server space and be prepared to run losses for a year. Create some site that allows teenagers and college students to look at each other and maybe have sex with each other (YouTube, Facebook, Friendster).

Within a year you'll have a billion dollar offer from Google or Yahoo for a business that gets huge traffic and makes not a cent in profits. Sure, it will cost you $300,000+ in tech/server costs for that year, but that's a chump investment for a cool billion.

posted by Ace at 03:41 PM

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