Tuesday, October 10, 2006

Google Buys YouTube

You've probably heard the news already, but if not, here it is: Google is acquiring the video sharing site YouTube for $1.65 billion. That's a lot of money (to you and me, anyway; less so to Google), and not everyone thinks it's a smart thing. (Mark Cuban recently stated that anyone would be a "moron" to buy YouTube, based on the huge copyright infringement liability from users posted unlicensed videos.) Google, no doubt, thinks it's a good place to sell advertising (online video ads, in particular), since that's what Google is all about. In any case, it kind of makes Google Video redundant -- or maybe Google merges both the commercial and the home-made videos together into a single site. Be interesting to watch.

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