news article

So with the end of the year coming up and projects due left and right I've kind of been slacking in the blog department so for the next few days I'll be playing some catch up. Anyways I was reading on Slashdot today that Newscorp, the proud new owners of MySpace, is looking to invest in another internet company. According to the article, Photobucket and MySpace may soon be under the same owner which means that all of their disagreements in the past will have to be put behind them as their technology gets combined. Frankly I still cant believe the price tag that comes along with these popular websites. Photobucket is being quoted between 250 and 300 million dollars. The internet itself is a fairly new technology and this whole blogging trend with MySpace and Facebook selling for millions of dollars seems pretty crazy. Sure the stuff is popular now but will it last into the future or will it just be another trend that passes as the target market outgrows the concept?