CBS plans on competing with the extremely popular Online video site Hulu with the relaunch of TV.Com. CBS purchased the domain from Cnet for 1.85 billion dollars, and it was originally a "water cooler site" where the latest TV shows were discussed by writers and fans. But CBS head Les Moonves revealed that the new TV.Com will be much more ambitious when he said "we think TV.Com will become the destination, or certainly one of the leading destinations, for anybody who wants to watch TV shows or have a community around TV shows, see clips, play games, etc.
A gigantically popular social networking site is brought down to Earth as Facebook has been given an honest valuation of about 2 billion dollars, a much more realistic number than when it was valued at 15 billion dollars last Fall. The massively popular social networking site is not publicly traded, but the casual market for shares has valued them at 2.50 to 4 dollars each.
Bad news for the millions of users of the most popular Web Browser in the ...
