* You are viewing the archive for October, 2006

Hell.com Fails to Sell During Live Auction

Not surprisingly, Hell.com failed to have any bids placed above the $2.3 million reserve set by the seller at a live auction on Friday. Bids were apparently above $500,000 but still a far cry from the $2.3 million minimum. Personally, I would have taken the $500,000, especially considering the site is only getting around 5,000 hits a day with whatever hell-driven community is there (which would translate to significantly less than $500,000 in ad revenue by practically any calculation). But some other names did sell:

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YouTube Is Now a Verb And an Adjective

The Wall Street Journal (subscription required) explains how YouTube is following in the steps of Google and TiVo: It’s now a verb and an adjective. Politicians are calling this midterm election “the first YouTube election.” They are posting videos to YouTube that show their opponents’ less-than-impressive moments. Never before have we had such an easy way to see politicians using insulting racial terms or falling asleep at hearings. But it gets better…

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Google Buys YouTube for $1.65 Billion

Google agreed to buy closely-held YouTube in an all-stock deal worth about $1.65 billion, its largest acquisition to date. The terms state that YouTube will initially retain a significant measure of independence, keeping its current brand, offices, and employees. The transaction is expected to close in the fourth quarter.

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