« Do Apples get Viruses? | Main | Search Tool Blog »
October 11, 2006
Blog for week of Oct. 9
Google Acquires YouTube!
As of yesterday afternoon, Google officially acquired the video-sharing Web site known as YouTube. Google paid an estimated $1.65 billion to add this company to its own. The reason for this acquisition, according to Eric Schmidt Google's Chief Executive Officer, is because Google's mission is to organize every piece of information it can and then make it easily accesible to its users. From YouTube's perspective, Co-founder Chad Hurley is extremely excited because he believes YouTube and its partners will benefit from Google's global reach and technology leadership in delivering a better entertainment experience for all its users. Hurley also as another reason to celebrate: Google will keep all of the 65 employees from YouTube!
This is amazing for both Google and YouTube. I personally use YouTube when I am extremely bored with classes or life in general. It provides a great comic relief to my day. However, I know many people who do not even know the capabilities of YouTube. This is what is so exciting with Google's acquisition. Under Google, YouTube will explode in the amount of hits/day, videos uploaded/day, and advertising revenue. As you know, Google first started off just as a small search engine. Now, they are a publicly traded company, have Google News, Gmail, and many other interesting features. YouTube will be the next great thing from Google, perhaps rivaling some of the other more well-known sites such as Colleghumor.com or ThatVideoSite.com. Plus, who can't be happy that all of YouTube's employess get to keep their jobs!!!
Posted by cheek at October 11, 2006 10:09 AM