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The Worst Predictions of 2006 – YouTube, etc. January 3, 2007

Posted by tkcollier in Business, Humor, News, Technology.

The Worst Predictions of 2006

PREDICTION: “There’s just not that many videos I want to watch.” — Steve Chen, co-founder of YouTube, worrying in March, 2005, about his startup’s potential popularity

THE REALITY: As Chen was expressing this anxiety, YouTube had roughly 50 videos available. Today more than 100 million are viewed daily on YouTube, which was acquired by Google (GOOG) on Nov. 14 for $1.65 billion.

PREDICTION: The national median home price will rise about 6.1% in 2006. Over a full year, it “has never declined since good record-keeping began in 1968.” — National Association of Realtors, Dec. 12, 2005

THE REALITY: Through October, the median price of residential properties was down 3.5% from a year earlier.

PREDICTION: “A very active hurricane season is looming.” — National Oceanic & Atmospheric Administration, May 22, 2006

THE REALITY: Of the up to six “major” hurricanes in the North Atlantic that were predicted by NOAA, only two materialized. Number that reached U.S. shores: zero.


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