I resisted the temptation to read everything and organize my thoughts. Just woke up, poured coffee, scribled some notes, turned on the camera and ranted. Here’s the resulting “video rant” about yesterday’s news that Google is buying YouTube for $1.65 billion dollars. Here’s the same video posted on YouTube.
Top 10 reasons this Google acquisition of YouTube is just plain moronic.
As I waited to compress and upload this, I see people are falling into three groups:
- Excited for the kids at YouTube. It’s everyone’s dream, and some get jealous and others live vicariously. I hate the latter, which tells you where I sit.
- Afraid their community will die. Get over it guys. Your landlord needs you more than ever. Expect him to start paying your rent, though.
- The media evangalists that say this is “promising.” You can get an MBA through the McDonalds drive-through to know this is overvalued and ridiculous. Good for Chad and Steve (the self-proclaimed kings of new media), but bad for everyone else.
Web 2.0 isn’t supposed to be about drunk driving like we’re in the first bubble. Some people see this as validation of online video, but I fear it is the ultimate over hype of the medium that we’ll pay for eventually.