And Why "You Tube" doesn't suck....used it for many hours yesterday for the first time. On the basis of music alone it is sensational, and the ad revenue from the record companies that allow people to post their product must be huge. Google paid less than what it's worth. Barring copyright problems, this is the proverbial pot of gold and then some.
Add at 4:20PM PDT:
Looks like Mark Cuban was right. Since last night I'd say 20% of the content was forced by copyright to discontinue. It looks like a general raid and the result could be "no more You Tube."
10/12/2006
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3 comments:
YouTube as a business model *SUCKS* really bad.
Why?
It's easily reproducable. It's just some servers and bandwidth and suckers, er, users uploading crap. It's so easy at least a dozen other YouTubes exists. Google around. Free video hosting is being done to death. Not to mention all the copyright infringement lawsuits that will happen. Google will pay a lot more than $1.6 billion to fend those off. And that will be with real cash, not stock.
At least Google paid with stock instead of cash. So it's free from their standpoint. Free is very much less than $1.6 billion.
Given Google's track record on anything other than search and they'll run it into the ground. After all, arn't you a Blogger user who has said many unkind thinks about the usability said product?
If they're smart the guys who pawned YouTube off on Google will sell out first chance they get.
According to the owners, they went into the business with no business plan at all; no mission statement; nothing but an idea. Only in America.
"they went into the business with no business plan at all"
Well, sometimes it's fun to try something just because you think it would be cool to do it. ("Mission statements" are for vulture capitalists, Dilbert's PHB, and big corporations that have forgotten what their business is.) Sure, just jumping in without a plan is a good way to fail, but in this case it looks like the founders made out a lot better than they might have ;-)
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