The WSJ Reports that Google is in talks to buy YouTube for $1.6 Billion. YouTube is one of the best things to happen on the internet in years. I suspect a bidding war will ensue and the founders of YouTube deserve every penny. However, I believe the internet potential is just beginning...
Rich Karlgaard reports that Mark Stahlman believes Google can be a $100 billion revenue company with a $2,000 per share stock price. If Google follows the "free software applications for everyone" model, open their API's to the world and begin chipping away at the perpetual software license business, they just might get there. See my previous post for a complete description on this software revolution.
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