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Web 2.0 News
 

YouTube on Wallstreet?
Monday, July 31, 2006
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In Category:  Web2.0 News  
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YouTubeCould it be possible that YouTube founder, Chad Hurley would want to have an initial public offering? MarketWatch's Steve Gelsi reports that Chad might just want to have one!

In an interview on MarketWatch, Chad was quoted as saying, “If we have an opportunity to go public in the future that would be very exciting for us." And in the interview he also brushed aside rumors that the value of YouTube jumped to $1 billion from $600 million.

There’s a familiar adage that goes as still waters run deep and YouTube’s ideas on an IPO could be a classic example of the adage. Maybe Chad isn’t keen on selling YouTube to a top bidder (for say, a billion dollars or more) and might want more money for matter with an IPO.

But then, Chad contradicts this kind of speculation by saying that YouTube is focusing on experimenting with banner and text-based advertising as it generates revenue and is building on its sales team.

So, will we see a YouTube IPO in the future (near future that is) or will YouTube follow Google’s footsteps and become a healthy and commercially profitable venture and then hit the IPO highway?

Read the MarketWatch interview, here.



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