Yesterday Google agreed to buy youtube for $1.65 billion dollars. Wow. Considering the fact that Youtube started in february 2005, the company has grown so rapidly to be valued over a billion dollars.
we are seeing a new Dotcom boom right now I believe which is driven by Entatainment websites run by users, not huge ecommerce sites.
If you ask me, right now the way to go online is social networking and its likes. We have seen sites like Myspace, Youtube and the rest grow real fast, and making a lot of money through traffic, huge traffic.
I am currently working on my own social networking site and I play to make money with ads on the site. Just like the new site coming in december, Spiralfrog.com mine is also going to offer free music and is coming in december also. the only thing that makes it better than spiralfrog is that users would be able to upload photos and meet people.