$1.65 billion for YouTube

October 10, 2006 at 8:00 am | Posted in Uncategorized | Leave a comment
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That’s what Google paid for YouTube is a move designed to grab a huge slice of the online video sharing market.  YouTube has 46% of this market besting Google video, myspace and a long list of wannabe’s.  Full details here on marketwatch.com.

YouTube brings a daily audience of 40 million viewers.  Google brings its obvious clout plus Adsense, the search engines lucrative advertising system.  It will be interesting to see how this transaction affects the free nature of YouTube’s offering given that Google video provides users with the opportunity to charge for video viewing.

Big picture: another sign of a mini-boom in web 2.0 companies that are continuing to take advantage of broadband connections to offer content that wasn’t possible in the late 90’s.

Enjoy this video of the now rich and giddy founders of YouTube.  They keep it serious and corporate for the first 2/3 of the clip and then it falls apart.  Two kings?  Are you kidding? 

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