The latest rumor is that Yahoo has offered $1.6 billion to Mark Zuckerberg's social network Facebook and Zuckerberg has declined it. I don't know what's more insane -- Zuckerberg turning down $1.6 billion or Yahoo willing to pay $1.6 billion. The acquisition would get the ailing Yahoo it's own social network to counter Google's YouTube which also sold for $1.6 billion. Facebook is projected to earn $1 billion in revenue by 2015. But projections are meaningless in the fickle world of the next generation. And it's odd to see new age companies such as Yahoo acting in desperation like an old line media company such as Viacom. The only&hellip
Recent Posts
- Trouble Signs for Election Cycle Ad Spends
- The Cumulus Bankruptcy Date is Now Known
- Is Warren Buffett Right About SiriusXM
- The Bad Blood Between iHeart & Audacy
- Urban One’s Fatal Mistake
- What Follows the Dying Media Business
- The Pending Cuts Coming for Late 2024-25
- Is iHeart Behind Audacy’s Bankruptcy Delay?
- Music’s Mental Health Crisis
- The SEC Snags Cumulus for Being Dishonest