Oh, they said, the pundits and soothsayers, Murdoch paid too much for MySpace. We're in a bubble. And all these new video sites? An unmonetizeable sinkhole of capital. Then, a week ago, the man who Yahoo rewarded with 6 billion for worthless properties called Broadcast.com, Mark Cuban lashed YouTube as overrated and valueless, Napster in disguise.
But wait. Was that really all true?
Today, the New York Times reports that Google is in talks to acquire, YouTube for 1.5 billion. That's almost exactly what people said it was worth based on eyeballs, downloads, possible advertising rates. Yes, the age of video is here.