Weblogsky: It's official: our exuberance is once again irrational

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It's official: our exuberance is once again irrational

Sony just paid 65 million genuine dollars for Grouper, a video sharing company nobody's heard of and nobody uses (they have one percent of the market). We're pumping air, and it's really hot. [Link]

jon posted this at 4:09 PM
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I guess I'm a one of those nobody's that has heard of Grouper. I wrote about them back in May, and before that last November. Of course, I'm only half a nobody. I never actually used it.

Nonetheless, while Sony's investment may be questionable, the role of online videos isn't. Take a look at all the Nedhead videos on YouTube.

Posted by: Aldon Hynes | August 25, 2006 8:10 AM