Online user-generated video provider GoFish Technologies has announced a new consolidated business operating naming strategy, finalized leadership appointments, a stock-for-stock merger, and $12 million in private placement stock and warrants financing.
GoFish reports having hundreds of millions of videos watched over the last two years, and is also producing and distributing their own original series called "America's Dream Date" (which after watching for a few minutes you might want to hurl like I did).
There is definitely some value in these online video sites ... or Google would not have purchased YouTube. But at some point, there can only be so many because frankly if the Internet has shown us anything is that we have a low attention span, and attention (ie. via ad revenue) is all that matters for those trying to make revenue.