Peter Kafka

Recent Posts by Peter Kafka

Morgan Stanley Thinks YouTube Will Be a $20 Billion Business

Google won’t provide any revenue information for YouTube, so Wall Street comes up with its own guesses. Here’s the newest from Morgan Stanley: The banks analysts think the video site will do $4 billion in gross revenue this year, and will generate $711 million in operating income. By 2020, Morgan Stanley thinks those numbers could hit $20 billion and $5 billion.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work