Overheard in the pizzeria: Pre-adolescent businessBy
I was eating a slice of pizza on a snowy afternoon in my suburb. A group of boys--I'd say there were seventh graders--was making a lot of noise at the next table. One of them said, out of the blue: "How does MySpace make money?"
"Advertising," another one said. "They put advertisements on the pages."
"They don't need money!" said a third. "It's just a Web page. I could set one up and it doesn't cost anything."
The kid who knew about advertising made the point that MySpace needs money to maintain the Web site, especially if millions of people are visiting it.
Then they started talking about YouTube, and one of them said that Google bought it for "one point seven million..."
"Billion," one of them says. "One point seven billion..."
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- The Latest on the Political Turmoil in Zimbabwe
- Goldman Sachs Sees Four 2018 Fed Rate Hikes as U.S. Growth Gains
- Norway Oil Bosses Insist End Isn't Nigh After $35 Billion Shock
- Bitcoin Soars Past $8,000 as Technology Shift Concern Vanishes
- Subways May Be the Latest Casualty of China's Crackdown on Debt