Schools of all sizes played more than bit parts in this week's Wall Street flick.

The frat kegger to end all keggers
If you're a young and successful dot-com, check your voicemail. You may very well have a media giant or major search engine making you an offer you can't refuse. Big boys gobbling up the small fry is a typical occurrence in most industries. It's just happening at a frenetic pace in the online universe.


Over the past few days, we've seen Google (NASDAQ:GOOG) eye Neven Vision, Viacom (NYSE:VIA) fuse with Atom, and Time Warner's (NYSE:TWX) AOL play nice with GameDaily while getting chatty with Userplane.

However, one of the boldest moves was IAC/InterActiveCorp (NASDAQ:IACI) snapping up a 51% stake in The site is popular for its snapshots and video clips, often depicting college students at their zaniest. It's not an adult site, though racy images and obscene language are par for the course. No, I'm not the moral police. It didn't surprise me to see that when AOL accidentally divulged search results of several of its members, a good chunk of the online inquiries were sexual in nature. I just find it a peculiar direction for IAC.

Ever since News Corp. (NYSE:NWS) walked away with the MySpace prize, we've been seeing major media conglomerates opening up their checkbooks to buy edgy sites that cater to the young adults advertisers crave. I don't think that IAC is crossing the line here. can be tasteless at times, but it's still one of the classier sites in the genre. However, we can't be too much further from the point at which a juggernaut does, in fact, cross the line.

School rhymes with Fool
Living in south Florida where it's pretty hot, I thought I was in one of the few areas where schools had already started back up. Apparently, that isn't the case. All around the country, the school calendar keeps inching earlier and earlier as schools try to arm their pupils earlier with the knowledge to score well in standardized aptitude tests. So, I didn't do a double take when the Fool rolled out a back to school special this past week. I guess that's just how it's going to be from now on, like holiday sales starting even before the Thanksgiving Day turkey is carved.

Are apples always in season? I've got some teacher desks to decorate.

Until next week, I remain,

Rick Munarriz

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Longtime Fool contributor Rick Munarriz recommends windshield wiper fluid when trying to look back. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. He does not own shares in any of the companies in this story. The Fool has a disclosure policy.