Google/YouTube Video Adsense…A Historic Day for Web Video?
- Posted by Howard
- on October 9th, 2007
It seems that way with Google’s release of Video Adsense. Straight from the horse’s mouth .
I sold half my Google position in celebration of the euphoria…at $617.
Lot’s of nerd takes over at TechMeme. I like reading Ashkan on days like today who has an entrrpreneurial, ground floor media view on the announcement .
I respectfully disagree with his view on Content being the next big wave of VC investment , just not enough leverage, but if he’s right, great.
Matthew Ingram says it could be genius or desperation . I don’t think it’s either, just business. The desperation thing makes for good headlines, but come on Matthew, Google paid squat (inflated paper) for this business and I have said from day one that the deal was cheap. The stock market money agreed. This is no Skype.
What is amazing is how huge a lead Google now has in Video. It’s like every other player has backed off, stood still and switched away from being in the market with YouTube. That is never a good thing for the market. Great for Google’s stock though…hence the $600 plus price tag today.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Born in Toronto, lived in Phoenix for 20 years and now in Coronado, CA with a loyal wife (15 years, 14.2 Canadian years), two awesome kids and a dachshund. My current start-up is called Stocktwits and I am a co-founder and CEO. More »
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