my |_______| going down fast
Out of context: Reply #3
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Facebook hype will fade
Indeed, 11 years ago this week, when AOL announced its $350 billion merger with Time Warner, I was asked to write an OpEd for the New York Times explaining what the deal between old and new media companies really meant. I said that AOL was cashing in its over-valued dotcom stock in order to purchase a stake in a "real" media company with movie studios, theme parks and even cable. In short, the deal meant AOL knew their reign was over.
The Times didn't run the piece. Of course, the merger turned out to be a disaster: AOL's revenue stream was reduced to a trickle as net users ventured out onto the Web directly.
Facebook really worth $50 billion?
Facebook's 2011 plans: Hackers wantedLikewise, Rupert Murdoch's 2005 purchase of MySpace for $580 million coincided pretty much exactly with the website's peak of popularity. People blamed corporate ownership for the social network's demise, but the cycle had already begun.