$1.65 Billion… for that?
OK, so this really isn’t blog related but, who cares? Anyway, in case you have been living under a rock or you’re just slow, you probably heard that Google bought YouTube, the new tube on the block for that ridiculous sum in the title of this post. Why?
Well, many reasons. Google thought that if they owned youtube they will gain its community. This will probably happen, and this community will hopefully start using all the other Google-owned services. If this happens Google will have a chance of escaping from (insert competitor here) shadow.
Google probably also wanted to improve upon, or replace their own video service, and who better to do this with than the leader.
I’m going to stop here before this becomes a Valleywag post, and because writing on a Nokia 770 is hard (I still love you Nokia). I will continue this unfinished thought on a later date, and maybe on a different blog…
This entry was posted by Ben Gold on Wednesday, October 11th, 2006 at 11:12 pm and is filed under Google. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.
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on October 12, 2006 at 11:20 am Kyle Bunch wrote:
I’m glad SOMEBODY around here finally mentioned the deal. And I agree, this deal sounds pretty crazy in terms of the valuation it seems to put on YouTube’s user base (since the technology is obviously not worth anything close to that to Google, who could replicate it overnight).
But ummm…what “shadow” of Yahoo’s is Google trying to escape?
GOOG is crushing Yahoo in virtually every sense of the word, from earnings to stock price to revenues to monthly traffic.
I’d say if there is a shadow in sight, it’s being cast by Fox and MySpace, not Yahoo.