Boorstin says the talk was about Facebook.com but its CEO Mark Zuckerberg hasn’t shown up, yet. She adds executives are talking about the importance of social networking sites.
Eric adds that he thinks Yahoo! (YHOO) will have to pay up for Facebook.
Boorstin replies there’s speculation brewing that Google (GOOG) might buy it instead.
She adds that she’s seeing a lot of the CEO of Joost.com, which is a digital distribution site. He was having a conversation with Tom Preston, the former CEO of Viacom (VIA).
Eric Bolling says Joost is tiny.
Boorstin explains that’s the point of the conference; to get media giants to meet with small media companies.
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Trader disclosure: On July 11th 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders. Macke Owns (EMC), (DIS), Najarian Owns (DNDN), (IMMR); Bolling Owns (ICE), (NMX), (DIS), (XOM), Gold, Silver, Copper, Corn; CNBC Is A Service Of NBC Universal And Dow Jones; NBC Universal Is The Parent Company Of CNBC