Google buys "Site-that-must-not-be-named" for 1.65 billion

[JACXR71]

Posted: 10/9/06 at 5:06pm

Needless to say, the CEO/creators, all under 30, are somewhat set for life.

I wonder if this will have any effect on the content.

http://hosted.ap.org/dynamic/stories/G/GOOGLE_YOUTUBE?SITE=SCAND&SECTION=HOME&TEMPLATE=DEFAULT

[DottieD'Luscia]

Posted: 10/9/06 at 5:20pm

I am always amazed how people come up with these ideas, and then turn around and sell it somewhere down the road to become gazillionaires!

[best12bars]

Posted: 10/9/06 at 5:31pm

Dottie---I agree. Let's put that on our "things to do list."

1) come up with something cool that everyone (well, almost everyone) wants and likes

2) sell it to someone else for $$$

3) retire happy

[actor]

Posted: 10/9/06 at 5:33pm

Google is incredibly greedy. It already owns Google Video. Isn't that enough for them? Aren't they rich enough?

[DG]

Posted: 10/9/06 at 5:35pm

'That site' was also in the news this morning concerning contract deals with major media outlets - so the site content and useage is almost certainly going to change.
Article.

[DottieD'Luscia]

Posted: 10/9/06 at 5:37pm

Best12, believe me I try, but I keep drawing a blank!!

[Calvin]

Posted: 10/9/06 at 5:38pm

Hamburger earmuffs!

[actor]

Posted: 10/9/06 at 5:38pm

I wonder if Google will get rid of all of the illegal content.

[best12bars]

Posted: 10/9/06 at 5:42pm

Hamburger earmuffs!?!

Oh, Calvin---This will never do.



EDIT: BTW, the bigger they get, the more they're going to be big targets for nasty law suits. It was only a matter of time anyway...

"Johnny, tell them what they've bought!"

"Well, Bob, it's a very cool Web site... with a lifetime supply of litigation! That's right, we've got a one-way trip to Leavenworth for you and your entire Googly team!"

*applause*

Updated On: 10/9/06 at 05:42 PM

[Fiction Writer]

Posted: 10/9/06 at 5:52pm

"googly"

hehe.

[Plum]

Posted: 10/9/06 at 6:42pm

Since the castration of Napster, sites know better than to flaunt copyright violation completely. That's why YouTube has been making all those content deals with big corporations- to make itself a safer buy for Google.

And Google Video didn't have nearly as much content as YouTube; if Google wants to be online video central it did well to buy out YouTube instead of trying to compete.

[DottieD'Luscia]

Posted: 10/9/06 at 9:46pm

This is a paragraph from a story now on MSN:

The price makes YouTube Inc., a still-unprofitable startup, by far the most expensive purchase made by Google during its eight-year history. Last year, Google spent $130.5 million buying a total of 15 small companies.

In other words, someone got really lucky. I was kind of wondering where or how YouTube was making their money and it shows that they were still in the red.

[Dabadoll]

Posted: 10/9/06 at 11:24pm

I always take my business cues from television shows so my money-making scheme is...

1. Collect underpants
2. ?
3. Profit!

[vbplayer]

Posted: 10/9/06 at 11:35pm

Oh oh, someone named the name.

[DG]

Posted: 10/18/06 at 2:18am

Enjoy it while it lasts.
Article

[RobbO]

Posted: 10/18/06 at 2:23am

Universal publicly threatened to sue YouTube before reversing and signing a partnership with the company last week to distribute its music videos. Universal was persuaded after YouTube agreed to pay a small licensing fee for the material and to share associated advertising revenues. It has also pledged to implement new systems to strengthen its copyright protections.

[DG]

Posted: 10/18/06 at 2:32am

So by going ahead with lawsuits against other such sites, they're trying to eliminate the competition, I guess.

[Fiction Writer]

Posted: 10/18/06 at 2:48am

Monopoly much, anyone?