I’m in the middle of a 36 hour coding tear and really don’t have the time to do a post. However, I just had to stop and catch-up on the “U.S. Open” Golf Championship held this weekend at The Olympic Club, in San Francisco, CA.
As I was making the rounds I couldn’t help but notice the latest Trillion Dollar tech news from Microsoft, Stammer, ICANN and …… Donuts!. I hardly can find a place to start! With this kinda of fodder, there is no writers block in “site”.
It would appear that ICANN is in need of filling the tank again and with oil prices the way they are, releasing a few top level domain extensions is just what the economist ordered …… to the tune of $357 Million Dollars.
Donuts, Inc. tied on 307 TLD (Top Level Domains) for a cool $56 Million investment, and Google was good for $18.7 Million of that $357 Million Dollar Pile. However, that was not the score of the day as Microsoft is close to purchasing “Yammer” for a Billion Dollars.
Billion Dollar corporate acquisitions are not unusual these days, except when it comes to many of the Internet Start-ups. There are no earnings on which to base valuation with most of them.
Last months acquisition of “Instagram zero-revenue startup to $1 billion company” by Facebook for a Billion sets a bad president for this type of business deal ( you thought the dot com bubble was bad ), this from a company that is already looking at “class-action” lawsuits for its $104 Billion Dollar IPO.
With all this excitement I Can Only Stammer This Month …… which is not good …… I understand that J.R. is back in town! Maybe the Ewing’s are going to move in on the Internet Corporate Culture this time around. At least they have some earnings to show for all their past efforts.