*Official and confirmed* Google to buy Youtube

[Bootprint]

Oops, I guess I shouldn't have uploaded that video of Larry Page and Sergey Brin with that goat.

 

[DaiShan]

Originally posted by: quakefiend420
they just started in feb of 2005...and now they're worth 1.6 billion to google...not a bad profit for a year and a half :shocked:

Heh, they've had $1million + in monthly bandwidth costs for most of that time...

 

[SampSon]

I believe google has some deals with record companies

If I remember correctly they recently closed a deal with Time warner, and have moved on to announce something with sony BMG, universal and CBS. Mabey there is another one I missed, I'm not sure.

Seems like google really wants in on the next step of content delivery of really sh!tty content. They are walking right into the middle of the media conglomerate world, and they are the little guy with what the real players want. Sounds like another step in the corporate sellout.

The selling out of a popular grassroots item like youtube doesn't always go over so well. Though it is classic. You let someone else build the foundation and get the gears rolling, then you buy them out and then sell your complete sh!t content to that customer base. Boy I just can't wait to see what garbage these record companies have lined up to dish out to the world in real-time.

 

[yowolabi]

Originally posted by: quakefiend420
they just started in feb of 2005...and now they're worth 1.6 billion to google...not a bad profit for a year and a half :shocked:

Same thing I was thinking. People were wondering how the youtube owners were going to turn a real profit.... I guess that question is answered.

Now if only I could figure out how google plans to turn a profit...

 

[wfbberzerker]

i think that the people in here who are saying "youtube blows" are basing their opinions on the fact that they don't like the videos on youtube, instead of what the underlying technology is...

 

[EGGO]

We all saw this coming, too.

 

[w3stfa11]

This fits Google's strategy according to USAToday.

http://www.usatoday.com/money/industrie...nology/2006-10-09-youtube-google_x.htm

 

[SpanishFry]

Originally posted by: DaiShan

Originally posted by: quakefiend420
they just started in feb of 2005...and now they're worth 1.6 billion to google...not a bad profit for a year and a half :shocked:

Heh, they've had $1million + in monthly bandwidth costs for most of that time...

hmm... 17,000,000/1,600,000,000 = not very much

 

[iamaelephant]

Originally posted by: homercles337
1.65 BILLION!? WTF?! You have got to be kidding me. YouTube is complete and utter sh!t. This will go down in history as the biggest mistake Google ever made. Well, that and relying upon flash to embed videos. Did dumb and dumber take over at google or something?

Yup, I'm sure you know more about a sound investment than those silly multi-billionaires.

 

[neutralizer]

This had to happen. Youtube was going to collapse from the sheer bandwidth costs.

 

[ultimatebob]

Personally, I think that Google screwed up. They should have waited for YouTube to blow through most of their VC funding due to lack of advertising and insane bandwidth costs, and then picked them up for a huge discount when things were looking grim.

But, Noooo, Google had to buy YouTube at it's peak of popularity when they were the most valuable. You would think that someone there would have paid attention and learned the lessons from Yahoo's ill-fated mergers with Geocities and Broadcast.com, or perhaps from the Time-Warner buyout of AOL.

 

[SVT Cobra]

Originally posted by: ultimatebob
Personally, I think that Google screwed up. They should have waited for YouTube to blow through most of their VC funding due to lack of advertising and insane bandwidth costs, and then picked them up for a huge discount when things were looking grim.

But, Noooo, Google had to buy YouTube at it's peak of popularity when they were the most valuable. You would think that someone there would have paid attention and learned the lessons from Yahoo's ill-fated mergers with Geocities and Broadcast.com, or perhaps from the Time-Warner buyout of AOL.

LOL you have no idea how google works nor youtube and the whole philosophy youtube was created on.

 

[Xevith]

Let's see... 1.65billion split 65 ways is 24.63 million. Hot.

Not sure how this will play out- I actually prefer Google Video, so even if youtube eventually gets merged into GV, it really won't bother me.

 

[LtPage1]

 

[Shawn]

so is youtube going to replace google video or what?

 

[theprodigalrebel]

The only reason I see Google doing this is to stamp their name everywhere they can.
I guess the millions of computers with Google Earth, Google Toolbar, Firefox's Google Search Box, Picasa, Google Talk, (not to mention Google AdWords on every second website) etc. wasn't enough.

$1.6 Billion to reinforce the Google brand name in yet another popular web joint? I don't think it's worth it (but then, I'm not a billionaire entrepreneur). How exactly do they aim to make it profitable? (More AdWords FTL)

This only sounds like good news for the people who were going to sue YouTube - now, they can all sue Google for bigger settlements!

 

[dxkj]

I really have no clue about this move, but I do find it entertaining how many people in this thread seem to think they know what is best for google.

 

[j00fek]

wonder if they will get rid of google video

 

[jjones]

How in the hell is YouTube worth 1.65 billion, that's what I want to know.

 

[InlineFive]

Originally posted by: j00fek
wonder if they will get rid of google video

They will probably merge the two. Which is sad because now I can't watch copy protected material on YouTube.

 

[Epic Fail]

http://www.youtube.com/watch?v=QCVxQ_3Ejkg

the billion dollar smiles.

 

[EKKC]

Originally posted by: jjones
How in the hell is YouTube worth 1.65 billion, that's what I want to know.

google has too much cash and nothing to spend on. that's why
doesn't really matter, its not like youtube was publicly traded.

 

[Ktulu]

Originally posted by: InlineFive

Originally posted by: j00fek
wonder if they will get rid of google video

They will probably merge the two. Which is sad because now I can't watch copy protected material on YouTube.

Yup and after getting rid of the free copyrighted content, they'll expect you to pay for it. *Shudder*

 

[w3stfa11]

Originally posted by: Shawn
so is youtube going to replace google video or what?

Yahoo bought Flickr last year, yet it is still developing its Yahoo Photos page (quite nicely I may add). Who knows what Google will do...