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12 things that cost more than Bear Stearns

Shout out to Valleywag for posting this.

1. The latest winning Powerball jackpot: $275 million
2. The salaries of the six cheapest Major League Baseball teams: $242.9 million
3. Microsoft’s investment in Facebook: $240 million
4. The Houston Texans football team: $700 million
5. Tom Perkins’s 289.1’ sailing yacht Maltese Falcon: up to $300 million
6. Russian billionaire Roman Abramovich’s forthcoming 482.6’ motor yacht, the Eclipse: $300 million
7. David Beckham’s contract with the Los Angeles Galaxy: $250 million
8. IM startup Meebo’s desired valuation: $250 million
9. Alex Rodriguez’s contract with the New York Yankees: $275 million
10. A brand new Airbus A380: $319 million
11. The most expensive building ever sold — 666 Fifth Avenue, New York City: $1.8 billion
12. The divorce settlement Heather Mills wanted from Paul McCartney: $250 million

Paramount Studios shows how stupid they are

In an article that was written about Paramount allowing Facebook users to share clips from its movies there was this piece of information, “Paramount staffers needed more than a year to select clips from the archive and tag them with search terms.” This just shows you how un-intelligent and naive the studio executives are that they spent their own resources doing this when all of this information was in YouTube and the YouTube community did this exact same task in a matter of weeks. Just think about it.

The full story is here.