Is online video the next big thing or just a passing fad?
Lots of Wall Street investors are betting big that online video is here to stay. Chinese web video site Youku made its debut on the New York Stock Exchange yesterday and the stock price was up 161 percent over its initial per-share price of $12.80 by the end of the day. It closed yesterday at $33.44 and is now trading $43.04
Youku, is a wildly popular web video site in China and is similar to Hulu. The web video company reportedly has 203 million unique visitors per month.
As bigger entertainment based web video companies get better at uploading, compressing and streaming online video we should expect web video technology to get better for all of us. Translation: Small and medium sized businesses will be getting better tools for showing marketing videos and tracking their success. As for the embedded video below from Youku, you will have to rely on the English captioning for translation.
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