Does the YouTube Acquisition Mark a Web 2.0 Peak?

Google, Inc. (NASDAQ: GOOG): 2:15 PM NYC time, October 10th: Still almost two hours left in the trading day, but GOOG is working on a major intraday reversal, as is the rest of the market, notably the Cubes (NASDAQ: QQQQ), which have run up in low volume on last week’s breakouts. At $1.6 billion for a reportedly unprofitable YouTube, with all its copyright infringement lawsuit risk, this will be interesting to watch. I am 100% bullish on the growth of UGC (user generate content) on the Internet, but…

…there’s always a transaction that goes becomes the top of the current cycle. Are we there yet? Too soon to tell, but I at least wanted to point out GOOG’s intraday reversal. We’ll see how it closes. Cheers.

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