Online Video Investments Hit $8 Billion
July 12, 2008 by Mike Abundo
Filed under Computers
Online video ad revenue is on the rise, and big players are spending big bucks to get in on the ground floor. Google buying YouTube for $1.65 billion was only the beginning. Michael Learmonth estimates that online video investments over the last three years have hit $8 billion.
Before anybody starts talking about a bubble, note that Meryll Lynch wrote off $9 billion in bad mortgages in the first quarter of 2008 alone. If there is a crash coming, it sure as Hell isn’t in tech.
I will never tire of that video.
That is a remarkable video, I review lots of videos and that has got to be right at the top, or very close to it.
Thanks for that Mike, a true gem indeed.