YouTube Googled Up
I almost laughed out loud when I saw the breaking news today. I’m sorry, but that is an insane amount of money to pay out for something like YouTube.
Sure, the kids like it today, but give it another year and something else will come around. Are they going to make enough money off advertising or in free marketing dollars of their other properties, which is really unnecessary since everyone uses Google, to justify this?
They should have bought up MySpace while they were at it…
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This post has 2 comments (now closed):
JFCC
Tue :: 10 :: Oct :: 2006 :: 12.04 pm
I’m afraid Lord Rupert owns Myspace now, and I hardly think he’s going to sell it to a hippie outfit like Google.
As for YouTube, I just keep wondering when someone’s really going to go after them for copyright issues, a la Napster. What’s amazing, though, is that YouTube was founded in February ’05 and went live the following summer. Maybe Google will have buyer’s remorse, but I bet those three dudes who founded it are laughing all the way to the bank.
Sean
Tue :: 10 :: Oct :: 2006 :: 10.34 pm
@JFCC: That is why they started working out content deals/partnerships. It was preemptive measures against copyright suits.
It just goes to show that the Google guys have way too much money to blow. They don’t care if it tanks or not at this point.