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LegoPower77
Abecedarian
Premium
join:2002-08-03
Midlothian, VA

reply to fAcEtIOUs

Re: Facebook social web site for sale

said by fAcEtIOUs:

»news.yahoo.com/s/nm/20060921/tc_···hoo_dc_3
Media companies looking to acquire Internet sensations YouTube and Facebook would need to take a "big leap of faith" to pay current valuations on the takeover targets, Time Warner Inc's boss was quoted as saying in an interview.
Will Yahoo pay $1 billion for a site to sell more of its ads?
He's probably right in the sense that the dot.com bubble burst is still fresh in peoples' minds. But I think it's a hoot that the guy coming with the "leap of faith" comment is some cat who works for a company that bought AOL for how many billion?

Perhaps he's trying to talk down the deal because there's something to it? The question is, is myspace et al. built to last or is it a flash-in-the-pan teeny bopper pop-group-type phenomenon?
--
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