Two days ago, a financial analyst downgraded Google's stock and said we're in the middle of a media recession that will last for another seven or eight quarters. Today, a different one popped up with some better news: YouTube's selling more ads to increasingly important companies.
Priceline.com has some good things going for it. First, William Shatner stars in the travel the company's commercials. Second, it's an "Internet Top Pick," according to investment bank and securities firm Piper Jaffray.
At this point, filling a fallout shelter with food and cash may be the safest approach to 2008's financial markets. Failing that, though, Piper Jaffray thinks some of the stronger Internet corporations should provide a safe haven.
We hate to say "I told you so." Wait. No, we really don't. Analysts at Piper Jaffray & Co. took a good, hard at look at things and decided we are in the midst of a media – well, everything – revolution and it's all the Internet's fault. E-Life as you know it is about to change.
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