October 9th, 2006 by Alex Slawsby
…and so, it’s finally happened, despite Mark Cuban quipping that only a ‘moron’ would buy YouTube and then later, that “Moronic would be an understatement of a lifetime.” Google just acquired YouTube for $1.65b in an all-stock acquisition - quite a pretty penny for Chad Hurley and Steve Chen.
What do you think? Smart move giving Google a corner on the Internet video market or stupid move, given the innumerable amount of piracy and copyright violations throughout YouTube’s video library? Post your comment here or discuss here.
[…] A response to Alex’s question on Google’s YouTube acquisition over on my blog: Four reasons why Google-YouTube is the best strategic deal of Web 2.0. […]
Hi,
This is by far one of the best decision that Google has ever made. I am in my early 30 years old and I remember when the internet came out, how amazing email was, now, we got video’s. This is the new way of communication and it’s not going to vanish very soon. The opportunities are endless. Google will probably figure out a way to have companies advertise via youtube and make tones of $$ just like they did with banners in the old days
Thanks,
Naoh
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