Tuesday, October 10, 2006

Google Just Bought Youtube

It was predicted before now, but it is apparently now official, Google bought Youtube, and is jumping on the Web 2.0 Bandwagon.

I was browsing at the warrior forum, and I found that Google did it.

It was just announced in the Wall Street Journal subscriber alert moments ago.
According to the WSJ "Google Agrees to Buy YouTube In Stock Deal Worth $1.65 Billion"

I don't know which value Google will receive through owning youtube, but it is something to follow closely.

Apparently 60,000 new videos are uploaded to youtube each day!

I don't know how Google will monetize Youtube though.

Read Google release:


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