Yahoo declines Microsoft's 44 billion Bid! Thank god!

[darconi]

Edge112 said:

darconi said:
Did you guys seriously just say that the Youtube purchase was a good idea for google? Most investment analysts have criticized that purchase as a throwback to the old internet boom days of paying for eyeballs. There's virtually no profit being generated by the site in comparison to the price that was paid.

And the rejection by yahoo is sort of stupid on their part if they're trying to get more money. MS offtered a 60% premium, that's nearly 3x the normal amount for a takeover.

The single fact that google OWNS youtube is so huge. Yotube. a video hosting site has more traffic then myspace, MSN, and facebook combined. Its third in the world wide rankings. If google had not bought youtube, then we would not see it has a key point on the itouch and phone. Youtube has gotten google a lot.

 Traffic means nothing without profitability.  There's a reason why the dot com collapsed back 8 years ago.  And regardless of whether google owns it or not, it would've been advertised as being a feature on the iphone since that is owned by APPLE, google has nothing to do with it.  Youtube has gotten google publicity, thats it.  If you read their financial reports, they pretty much admitted that they overpaid for youtube (Much like Ebay with Skype/etc).