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Voodoo valuation day

By mwelch September 21, 06 01:26 PM

Source: ValleyWag

The Wall Street Journal is reporting today that Yahoo! is in discussions to buy Facebook for $1 billion. And the New York Post is reporting that YouTube won't sell itself for less than $1.5 billion. Donna Bogatin notes that both papers are using unsubstantiated rumors from unnamed sources for their reports. Some people think this is the epitome of drinking the Kool-Aid of social networks even though they just can't seem to beat those nagging revenue generation and copyright problems. Others say it's a fair price. But my favorite reaction? ValleyWag's grumbling that it now has to update its YouTube valuation voodoo chart.

YouTubeValuationVoodoo.jpg

http://www.valleywag.com/tech/youtube/new-york-post-prints-new-youtube-selfvaluation-and-old-justgotlaid-founder-photo-202268.php

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