YouTube is now Google’s Property!
October 10th, 2006 by Vamsi
If you are late to know this, let me tell you, the recent article at WebProNews stating it a rumor is now real. The news came from the New York Times and here is what it has to say:
A profitless Web site started by three 20-somethings after a late-night dinner party is sold for more than a billion, instantly turning dozens of its employees into paper millionaires. It sounds like a tale from the late 1990s dot-com bubble, but it happened Monday.
Google, the online search company, agreed Monday to pay $1.65 billion in stock for the Web site that came out of that party — YouTube, the video-sharing phenomenon that is the darling of an Internet resurgence known as Web 2.0.
YouTube, founded in February 2005, had been coveted by virtually every big media and technology company as they seek to tap into a new generation of consumers who are viewing 100 million short videos on the site every day.
Checkout the news here.
Leave a Reply
