Ever wonder what happened to those dot com companies?  Well, most of them went bankrupt not because they sucked but mostly their technology was 10-15 years ahead of their time.  I bet WebVan would do well now, too bad they launched about 10 years early.

They were among the darlings of the first dot-com bubble: Boo, TheGlobe.com, Pets.com, Webvan, eToys, DrKoop.com, Garden.com, Kozmo, Excite@Home, and Entertaindom. Beginning in the mid 1990s, they traced a path of online innovation and IPO riches that lasted through the early part of the present decade. Billions were invested, from the biggest venture capitalist firms on Sand Hill Road down to small investors trying to latch onto the dot-com stock craze. Few of them got rich; most saw their stock and ownership stakes become nearly worthless after the bubble burst in 2000.

via thestandard

Holy crap. People “were” talking about how traditional media would be trying to take over blogs. Well, CNET (CNET) isn’t really a blog but still, this is a sign bloggers must work together so traditional media doesn’t take over the blogsphere.  CBS (CBS) is really trying hard though to grab a big share of the online market as they have been really best “offline” in the past.

And that symmetry is apparently worth about $1.8 billion, which is what CBS just agreed to pay for CNET. The deals values CNET at $11.50/share, and puts a 45% premium on stock from their closing price yesterday. CBS, which is worth a little over $16 billion, is down just over 3% on the news as of 7:45 am PST. Silicon Alley Insider was among the first to break the news.

“The core businesses of CNET Networks and CBS Interactive represent near perfect category symmetry in premium online content,”
Quincy Smith, President, CBS Interactive.

Here’s my interpretation of CBS President, “By taking over CNET, we will have more chance to increase our online visibility and take over the blogsphere eventually.”  Well, I might be over-reacting but you can enjoy some humor.

via techcrunch