A Billion Here, A Billion There, Soon It Adds Up To Real Money
Daniel Gross at Slate.com has an interesting look at the rush by big, established internet companies and others to buy social networking sites - for big money. Me, I still can't get used to typing the words "Big, established internet companies" without thinking of Pets.com or Duke Nukem vaporware:
Yahoo offered a billion dollars for Facebook. The owners said no. They're either really smart, or really stupid.