YouTube will go bust before it goes Big: On The Money
This entry was posted on 10/6/2006 6:58 AM and is filed under Technology '06 - 02.
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By AmericasNewsToday.Org staff
Billionaire investor and dot-com veteran Mark Cuban had harsh words on Thursday for YouTube, the online site that lets people share video clips, saying only a "moron" would purchase the wildly popular start-up.
Cuban, co-founder of HDNet and owner of the NBA's Dallas Mavericks, also said YouTube would eventually be "sued into oblivion" because of copyright violations.
"They are just breaking the law," Cuban told a group of advertisers in New York. YouTube has come under scrutiny because users often post copyrighted material, including music videos produced by well-established artists
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Additional reporting by 'On The Money.'
