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Well, "You Tube" will quickly turn to shit

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johnnie Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 03:52 PM
Original message
Well, "You Tube" will quickly turn to shit
Google snaps up YouTube for $1.65B

"SAN FRANCISCO - Google Inc. snapped up YouTube Inc. for $1.65 billion Monday in deal that catapults the Internet search leader to a leading role in the online video revolution.


The all-stock acquisition unites one of the Internet's marquee companies with one of its rapidly rising stars. The price makes YouTube, a still-unprofitable startup, by far the most expensive purchase made by Google during its eight-year history.

Although some cynics have questioned YouTube's staying power, Google is betting that the popular Web site will provide it an increasingly lucrative marketing hub as more viewers and advertisers migrate from television to the Internet. "We are natural partners to offer a compelling media entertainment service to users, content owners and advertisers," said Eric Schmidt, Google's chief executive officer.

YouTube will continue to retain its brand, as well as all 67 employees, including co-founders Chad Hurley and Steve Chen."

http://news.yahoo.com/s/ap/20061009/ap_on_bi_ge/google_...




1.6 billion fucking dollars. I need to start thinking of something to catch on. Maybe a pet rock that doubles as a paper clip and mp3 player.

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LeftyMom Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 03:55 PM
Response to Original message
1. Not just 1.6 Billion
1.6 Billion for a company that never made any money.
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 04:00 PM
Response to Reply #1
2. It will soon enough
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johnnie Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 04:01 PM
Response to Reply #1
3. I figured they will on ads
And then they will make sure we can't see anything unless we sign up and pay a fee.
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billyskank Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 04:04 PM
Response to Reply #3
4. That isn't the google way
They don't make us pay cash up front - they record our information: what we search the web for, what we email about, and sell the information to advertisers. Kinda like spyware, in a way.
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Reverend_Smitty Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 04:04 PM
Response to Original message
5. so does that now mean I'm gonna have to start paying for pointless videos?
I love crappy homemade videos that I can watch for free but if they start charging for their services, I'm out of there! For 1.6 billion, they are gonna have to make some money somehow
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johnnie Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 04:07 PM
Response to Reply #5
6. Best thing to do
Is to get on the bandwagon now and start your own.
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Reverend_Smitty Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 04:09 PM
Response to Reply #6
7. lol, you're probably right
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Human Torch Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 04:10 PM
Response to Original message
8. It will be like the new and improved Napster...
...and how can you go wrong with "an increasingly lucrative marketing hub?"

WOW! THANKS, Google!

:sarcasm:
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tigereye Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 05:09 PM
Response to Original message
9. isn't the RIAA screaming about Youtube? (googletube?) yet
somehow I managed to miss that part....
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bluedogyellowdog Donating Member (338 posts) Send PM | Profile | Ignore Mon Oct-09-06 08:44 PM
Response to Reply #9
12. I was wondering about that
They have a lot of copyrighted stuff uploaded there, old MTV videos for example. I wouldn't be surprised if the RIAA turns YouTube into the next Napster.
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tigereye Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-10-06 08:54 AM
Response to Reply #12
18. actually I saw an article today about Google making deals
with CBS and Viacom, etc. to avoid copyright problems.
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ghostsofgiants Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 05:11 PM
Response to Original message
10. What the fuck? Don't they already have Google Video?
If they fuck up YouTube on me, heads will roll.
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idgiehkt Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 08:36 PM
Response to Reply #10
11. I'm with you.
this reeks. oh well, it was great while it lasted.
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billyskank Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-10-06 10:38 AM
Response to Reply #10
22. Google is the anti-Microsoft
it is only a matter of time before they become the new Microsoft. :(
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Haole Girl Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 08:45 PM
Response to Original message
13. I know...I'm rather sad about it. "You Tube" was like...
..grassroots fun. Now, it feels like just another company. :(
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datasuspect Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-10-06 09:48 AM
Response to Reply #13
19. a "grass roots" company
with an initial $3.5 million in capitalization prior to the google acquisition.
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bridgit Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 08:46 PM
Response to Original message
14. with 90,000,000 hits a day on youtube, they'll just flood it with...
google ads :shrug:
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wildhorses Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 09:02 PM
Response to Original message
15. first they make an addict out of ya
and then they sock it to ya


and I am so hopelessly addicted...what will I do for my daily fix?
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RedCappedBandit Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 09:38 PM
Response to Original message
16. Whats wrong with google?
Are they not the ones who refused to give the government our private information (aka what we are searching for) .. quite the opposite of other search engines
Google video works fine..
Google itself works fine..
I don't see how they will harm you tube
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TheMightyFavog Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 09:43 PM
Response to Original message
17. How long till Googlezon?
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datasuspect Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-10-06 09:51 AM
Response to Original message
20. it won't
google offers some very unique, advertising-reduced (insofar as they have text ads and no garish picture ads/javascripts/flash/animations/movies that automatically spawn type ads) products.

Gmail is fucking awesome, so is google video.

their interface is one of the cleanest out there. i hope google NEVER changes THAT.

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-10-06 10:36 AM
Response to Original message
21. gootube. n/t
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