Funny that the author uses the YouTube acquisition as an example of one that "justifies a high valuation by eventually paying out". Back in 2006, it was a comp

Funny that the author uses the YouTube acquisition as an example of one that "justifies a high valuation by eventually paying out". Back in 2006, it was a company with very little revenue that was under threat of being sued out of existence by copyright holders -- arguably a worse place to be than a lot of the more recent acquisitions he's taking issue with.