More funny business stuff
April 09, 2002
I’ve been reading fuckedcompany.com a lot lately and here’s another piece: some company wants to buy Napster and are ready to spend up to $30,000,000 US. And what’s funny is that this company “had spent around $100 million supporting Napster.” Maybe I’ll go buy Enron for $300,000,000,000 then. It’s about the same deal. I assume that Napster has negligible real assets (you know, like factories, land, machines, coke dispensers) and a big giant lawsuit at its door. I haven’t seen its financials but I can guess this company is buying for “future outlook” or whatever. I guess they think they’ll figure out a deal with the record companies and I guess users will end up paying some money for d/l’ing music and everyone will flood back to napster. I guess they don’t realize that some other illegal idiot will come up with whatever.com and let people transfer music.
Man if I had $30m i would dump it into oil futures now since Mr. Crazy Iraq Guy has just stopped exporting oil. What good will that do? It’s not like Americans (including us, America Jr.’s) have not been through times where oil prices skyrocketed. They did it in the 70’s and a few years ago. Sure it was a cartel that limited supply for business/asshole reasons but this political reason will probably have the same effect. Other crazy leaders will think crazy iraq guy is right and jump in. Oil is at/around $27~28 a barrel right now. It went as high as $32 a couple years ago so let’s try to break that barrier! 40! 50! 60! Soon oil will be the next internet bubble, except you can hold oil… in a can at least. So buy oil futures now! 6 months down the road, you’ll be buying me prime rib dinner and some chardonnay. Too bad I have negative money right now (damn taxes).
