Google Snatches Up YouTube for $1.65B

Discussion in 'Technology News' started by sabret00the, Oct 11, 2006.

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  1. sabret00the

    sabret00the New Member

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    The founders of YouTube Inc. built this year's standout Web phenomenon by figuring out how to make online video sharing easier than ever. What they hadn't yet figured out was making money from their site. Google Inc. took that problem off their hands Monday, by agreeing to buy the site for $1.65 billion.

    "This is the next step in the evolution of the Internet," Google Chief Executive Officer Eric Schmidt said during a conference call Monday.

    Source:http://www.latimes.com/technology/a...?coll=sns-ap-toptechnology&ctrack=1&cset=true
     
  2. paul_007

    paul_007 New Member

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    gr8 news....
     
  3. jz2linkinpark

    jz2linkinpark New Member

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    nice...but why didn't they just stick to google video?
     
  4. Fastlove

    Fastlove New Member

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    1.Cause this way they get a very big part of the market in their backyard. Google video didn't have the market success that YouTube had.
    2. Because they have the money to buy it :)
     
  5. hard_rock

    hard_rock Salieri Family

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    Then dint the work, energy and money invested to develop Google Video got wasted????
     
  6. JGuru

    JGuru Well-Known Member

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    @SabretOOthe, I have already posted the news Click here

    Your's is old news now!! Have a look at what's being already posted before posting any news!!
     
  7. OP
    OP
    sabret00the

    sabret00the New Member

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    hey bro dont get so angry...I have seen ur post but u said google is all set to buy YouTube Inc. and so was ms and others as well.I had posted that google snatched YouTube Inc. from the competition.
     
  8. Fastlove

    Fastlove New Member

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    Well, they tried it, cause it really was a nice ideea, but the competition proved to be better. So instead of fighting for a half-dead project, better buy up the competition and start making real money.

    Seems like a good strategy to me ;)
     
  9. altimate

    altimate New Member

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    Lets hope google coms up with dacombination of the features of utube and google videos and in the end we would b benefitted..................
     
  10. Fastlove

    Fastlove New Member

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    I'm afraid that Google will have a more restrictive policy of the content of submissions and this way, one of the biggest archives of short movies will go to hell :(
     
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