YouTube was a bargain basement purchase

[ckissick]

YouTube was bought in 2006 by Google for $1.65 billion. Last year YouTube's total revenues were about $24 billion. That's like when my friend bought a '52 telecaster at a garage sale for 100 bucks, but on a slightly larger scale.

[aschen]

I remember thinking, why pay so much for video hosting, surely google can just set up there own servers.

I am also not currently investing in crypto

Maybe foreboding for my lifetime sentence to middleclass

[GH85Carrera]

One of the chicks I worked with back in the late 70s saw her neighbors having an estate sale, and everything from Grandma's house was for sale. She saw a Schwinn boys bike for sale for $20 bucks so she bought it to ride to work on to save gas money.

She parked it at the front door, and after a couple of days one customer came in and was trying to act nonchalant, and asked who owned the bike. She came up front, and he asked if it was for sale. She said she used it to ride to work because he car needed a thousand dollar transmission repair. He offered her a grand for the bike. She was stunned, and said she wanted $1,200 so she could get some tires as well. He said deal, and paid her cash. She was thrilled of course and we were all amazed. After the sale I asked him what was special about it, and it was in original nice shape, original paint, and most boys bikes of that style from the 1960s were just beat up and had welded up frame tubes and a rattle can paint job.

She only rode it to work twice.

[wilnj]

Originally Posted by aschen

I remember thinking, why pay so much for video hosting, surely google can just set up there own servers.

I am also not currently investing in crypto

Maybe foreboding for my lifetime sentence to middleclass

I’m right there with you. About 25 years ago, I was offered a position with what is now one of the top 5 structured cabling contractors in the region.

I would have been employee #3. I passed on the offer. At the time, my knowledge and experience with structured cabling was limited to installation of phone and fax lines in an office environment. Not the type of multi-million $ data centers that came to take up so much of the construction market just a few years later.

[Zeke]

Originally Posted by GH85Carrera

One of the chicks I worked with back in the late 70s saw her neighbors having an estate sale, and everything from Grandma's house was for sale. She saw a Schwinn boys bike for sale for $20 bucks so she bought it to ride to work on to save gas money.

She parked it at the front door, and after a couple of days one customer came in and was trying to act nonchalant, and asked who owned the bike. She came up front, and he asked if it was for sale. She said she used it to ride to work because he car needed a thousand dollar transmission repair. He offered her a grand for the bike. She was stunned, and said she wanted $1,200 so she could get some tires as well. He said deal, and paid her cash. She was thrilled of course and we were all amazed. After the sale I asked him what was special about it, and it was in original nice shape, original paint, and most boys bikes of that style from the 1960s were just beat up and had welded up frame tubes and a rattle can paint job.

She only rode it to work twice.

You should see the prices early 60's go karts are getting. So far the record is $38,000 for a Rupp Dart from 1960. Of course it was restored to better than new.

[zakthor]

Originally Posted by ckissick

YouTube was bought in 2006 by Google for $1.65 billion. Last year YouTube's total revenues were about $24 billion. That's like when my friend bought a '52 telecaster at a garage sale for 100 bucks, but on a slightly larger scale.

If they kept the servers and software the same it would be amazing. But the comparison is like rebuilding a shack into a giant marble palace with solid gold toilets and then being surprised by the appreciation.

For comparison amzn was 30 in 2006...