October 9, 2006
Google Buys YouTube
It looks like Larry & Sergey have themselves a nice new pet as they went and bought YouTube today for $1.65 billion in stock. And it's even housebroken too. You could look at it a couple of ways-- two great tastes in one or the Borg about to assimilate somebody. All this for a company that has yet to turn a profit.
But what will this mean for those of us who like to peruse YouTube at work for things like Journey's "Separate Ways" video or the "Mah Nah Mah Nah" song when bored at work? So far nothing. Both companies say they've been working on ways to integrate technology and that it'll be a snap to do. Some analysts even say it'll be great for YouTube to be bought by Google and not just because the people who started it are now filthy rich. That's because YouTube is on the cusp of having major copyright legal issues thrown their way and since Google has already been there, done it, they could help them along.
And hey, what does it say about the stock market that this news sent stocks up even though North Korea just blew up a nuclear bomb? We maybe about to go to war with North Korea (or is that Iran?) but at least we'll be rich doing so.
But the big question now has to be asked: Should we call the new company GoogleTube or YouGle?


GooTube!
I've seen it being called GooTube in various places around the InterWeb... I think I rather prefer that...