Heres How Much Youtube Is Worth
An analyst at Bank of America thinks your favorite place for cat videos is worth big money. Analyst Justin Post wrote a note this week saying that YouTube, the popular video streaming site bought by Google in 2006, is worth about 70 billion on its own. That's a higher value than all but 66 of the companies listed on the SP 500, according to Bloomberg. Post also thinks that YouTube could still grow, with a valuation of up to 90 billion possiblewhich would leave only 55 SP 500 companies beating it. The 2006 deal was for 1.65 billion. This article originally appeared on Fortune.com