I just finished reading Spoon River Anthology by Edgar Lee Masters. It was a very interesting book. If you have read it, or plan on reading it, it’s like nothing you’ve read before. It tells the stories of dead citizens of Spoon River, Illinois. It tells the story through poetry, a short story/poem, and a play. It’s very well done. It’s classic literature, and the best way to get a feel for it is read it. I won’t go in more depth than that.
Hey my prediction on Google’s stock seems to be right. It has been falling pretty steadily for the last few days. Here’s some graphs via Bloomberg.com:
As you can see the stock for Google has had a pretty significant decline. It was skyrocketing before and that could be argued for either viewpoints. Some say it would have had to have gone down eventually or that YouTube caused this stock decrease. Let us have a closer look.
This sharp change in value is alerting, but who knows it could pop right back up. I think it’s your call. Is it going to go through a temporary slow streak and surge back up, go back up soon, keep declining? It’s your call. I think it’s going to keep declining for at least a fair amount of time. The stock has dropped a point a day since YouTube was acquired when averaged but the significant changes have been recent. The following days and weeks should be a good indicator as to whether or not Google will go into a slump.
YouTube has been acquired by Google. What does this mean? Well, I’m thinking a few things. Let’s get the wheel going here.
- Google plans to take over the Internet’s video uploading and video blogging services. We all know YouTube was doing way better than Google Video. Now that they have YouTube, they’ll gain control of the video uploading/blogging market.
- Google paid a hefty sum of 1.65 billion dollars for YouTube. I think that’s a lot of money to be paying, and especially since I think it’s such a big gamble. I’m not so sure they should have done this. Of course they might want full control of the video market. Is it worth the price? I’m not so sure on that one.
- YouTube has been delaying paying for copyright infringements. They haven’t. Google will probably end up paying it with this acquisition.
- Don’t expect stock to jump up. Why, because I don’t think YouTube is really that valuable and with Google Video it can’t possibly improve it that much and I don’t think YouTube is really worth that much to investors.
- This could look bad for Google. The price tag was way too high and they already had Google Video so other than gaining almost total control everything pretty much stays the same. Bad look means investors must sell their stock.
I’m not so sure about how good this whole thing is. Everyone is just going to have to wait and see how it goes.
It’s been a little while since I’ve blogged. There’s not a lot to talk about, but I’ll give you a few reviews and such.
Instructables: step-by-step collaboration– Instructables is a site with some cool projects. You can sign up and contribute yours. Be careful though, some of the projects could be a little dangerous.
Carrie by Steven King– Carrie is Steven King’s first novel, and it is a pretty enjoyable book.
The Sixth Sense– The Sixth Sense is an awesome movie about a boy that can see dead people. You must watch this movie!
Well, that’s all I’m going to talk about for now. See you later.
The new Google Reader still has some little bugs to work out. For example, this morning I was reading one of my feeds when about twenty or thirty blogs down I had found another of my feeds had mixed with it. Hopefully Google Reader will fix this, but my new feed browsing experience is getting more enjoyable as I get more accustomed to the program. This was just a quick little update on the program, nothing more to read here.