Reem With A View

"Names and attributes must be accommodated to the essence of things, and not the essence to the names, since things come first and names afterwards." – Galileo

AOL buys BEBO. Welcome to the Bubble 2.0

Time Warner seems to have done the SAME mistake TWICE.

First it wasted billions in buying AOL. And now Time Warner AOL has wasted hundreds of millions on Bebo…which is nothing but junk!

Bebo is so far behind Facebook, Myspace and even Orkut… that even a kindergarten kid would know that $850million is a ridiculous over evaluation of the site. AOL has paid 160 times EBITDA!!!!!

Will you pay $850 million for a company with reveneus of just $20million and EBITDA of just $5 million ???? Hell no!

I think its time for AOL shareholders to dump AOL shares before its too late.

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