YouTube sold!
by Rob Stokes on 2006/10/10
So GOOG has bought YouTube for $1.65 billion, that’s oodles for a company that’s making less than $20 million in revenues. But Google can afford to take risks and if they can find a way to make it work it may just pay off. If anything, it keeps YouTube out of Yahoo and Microsoft’s eager little paws which thickens the plot a little.
Here is a really great take on the whole thing from Mark Cuban, the guy who a few weeks back said that “only a moron would buy YouTube”.
