Google buys YouTube

[wishbone]

Google, the Internet's leading search engine, announces it is buying popular online video site YouTube for $1.65 billion in stock.

-CNN


So i guess when google video doesn't work, you buy out your competitor.

[Pennywise]

I kinda saw this coming.

[se7en]

i gotta hurry up and start one of these internet companies so i can be a billionare before im 30, lucky bastards.

[Technix]

There goes the Internet...

They'll regulate it to the point that it will be no fun to go there anymore.

Stupid.

[thebobman]

google isn't really that much about regulation, and this actually make sense for us as consumers. With two competing services nobody was ready to commit to using either one as a video delivery service for paid content (IE, TV shows, movies ,etc) to make matters worse both companies were cutting their own throats (well, google wasn't killing the whole company, just the video division) to try and build the best service without establishing any kind of sustainable, profitable model. Then end result would have been YouTube going tits up (they haven't really made a dime until now) and Google abandoning their video service because of it's cost.

[FeelGood]

Google also tried to buy clubzone.com a little while back for 480,000$.

1.65 billion is a crazy amount of stock.

[se7en]

its a crazy amount considering it launched in 2005.

[C_squared]

For a site that's never turned a profit ever that's cashing out LARGE!

[decypher]

Google wants your information and media! ahhh

[a10aleks]

Google is going to take over the world!

[Technix]

Google's next purchase: the porn industry.

They buy anything that makes them money.