to google means to find out all there is to know. how many friends do you officially have now? 175 million. within four degrees of me are 700,000 people. who is barack obama? the answer is right there on my facebook page. if you like hilarious, shocking, embarrassing videos i like turtles. chances are you spend a lot time on youtube. leave britney alone! what we re creating is a stage for everyone to be seen. we re in a very wonderful time right now where the innovations really are driving the technology right into the center of our lives. this should be simpler, more powerful, faster. of course the big story tonight is i have an ipad. in focus tonight, the communication innovations that await us as we head into the 21st century. we re in for the communications ride of our lives. the coming year sees cell phones small enough to hide in your pocket. the promise of videophones is coming true. tiny hand-size computers that know y
survived ebay, amazon they all suffered. amazon.com ceo jeff bezos. his company s stock price tumbling from $113 a share to less than $16 today. it s not the kind of stock that you can own and sleep well if you re a small investor. and i think by the way that s true of all internet stocks. there are plenty of people that said, this is just a dip, buy the dips, this is going to come back. i think by the spring of 2001, it was pretty clear that this was over. three, two, one. we put this baby to bed. shopping is now turned off. we know there s a lot of pain to go around in terms of the stock market these days, but aol stock s gotten beaten down even more than the rest of the market. aol and time warner was probably the worst deal in history. aol didn t really control the internet in the way they claimed to. everything is a lot easier and the internet is a lot more user-friendly. the internet moved towards what aol was doing, so now what is
people here at cnn are so addicted to them, they jokingly refer to them as crackberries. the early 2000s was a time when people were really paying very close attention to new technology and the internet. at the dawn of the internet age, there is stunning new evidence of the growing power of the new medium. internet pioneer america online announced today it is buying big, sprawling time warner, creating the world s largest media conglomerate. the aol-time warner merger was the classic dotcom insanity. $160 billion. the biggest corporate takeover ever. this merger will launch the next internet revolution. the merger of time warner and aol wasn t really a merger. it was a purchase. i am struck by this image today of the upstart aol gobbling up this media institution, time warner. shouldn t it be the other way around? well, you know, it s sort of