Another week, another five work days into a recession. There were a few distractions along the way, of course. From Jerry Yang and Mark Cuban to Obama Girl and Guns N’ Roses, the week’s events were enough to keep more than a few bloggers busy–at least there was something to write about other than pending economic doom.
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Entrepreneur Mark Cuban once said “only a moron would buy YouTube,” the implication being that Google was exactly that for purchasing the popular video site. And some would say it is. To date, the company has seen little but accusations of copyright infringement, litigation and skyrocketing legal fees from its investment.
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Looks like Yahoo’s boardroom blitz is on. Billionaire investor Carl Icahn has decided to move forward with a proxy fight to oust Yahoo’s entire board in favor of one more amenable to merger negotiations with Microsoft. “It is unconscionable that you have not allowed your shareholders to choose to accept an offer that represented a 72% premium over Yahoo’s closing price of $19.18 on the day before the initial Microsoft offer,” Icahn wrote in a letter to Yahoo’s leadership.
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“There is nothing ‘oh my god’ unique that has happened on the Net in forever. What we have seen are incremental applications that have been powered by the amazing ongoing drop in pricing of PCs, hard drives, memory and BACKBONE (not last mile) bandwidth. None of which are ‘the Internet.’ … It’s not [...]
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