John Battelle heard that YouTube is worth $1

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posted Jul 24 @ 02:43 PM by Jason Kottke · gift link

John Battelle heard that YouTube is worth $1 billion and calls bullshit on whoever believes that. As Tim Shey notes, lots of people are comparing YouTube to Napster (except for YouTube, of course), and I think the comparison is apt. Both services have potentially infinite intangible value but little business value.