Viral videos are big money
+ READ ARTICLEAn analyst at Bank of America thinks your favorite place for cat videos is worth big money.
Analyst Justin Post wrote a note this week saying that YouTube, the popular video streaming site bought by Google in 2006, is worth about $70 billion on its own. That’s a higher value than all but 66 of the companies listed on the S&P 500, according to Bloomberg.
Post also thinks that YouTube could still grow, with a valuation of up to $90 billion possible—which would leave only 55 S&P 500 companies beating it.
The 2006 deal was for $1.65 billion.