Google's $1.65 Billion-Dollar-Baby, named "YouTube", just disappointed investors with an unexpected revenue shortfall. They did bring in $200 Million in sales, but this was less than expected. Have they even earned a single cent for Google since the acquisition in October 2006? Who knows... doubtful, when you have a business model that's predicated on illegally-obtained web traffic. They themselves recently decided not to place ads within the videos of copyright-violating videos (that means that they are aware of and know exactly where copyright-violating videos are). This however does not mean that they will not sell site ads which run while illegal videos run on the site.
Nugget: Google's stock closed at 429 on 10/9/06, the day of the announcement, and now trades at about 540. 14% annualized return, which isn't bad given Nasdaq fell about 2% during the same period. But who knows what it would've been without having ingested that fat, illegal, baby.
Burn.
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