Tuesday, October 10, 2006

Google Places Heavy Bet on YouTube

Google's (Nasdaq: GOOG) Latest News about Google US$1.65 billion purchase of video-sharing site YouTube Latest News about YouTube -- made official late Monday after several days of speculation -- could dramatically alter the playing field for competing Internet giants.

The YouTube acquisition is being hailed as a bold thrust that could turn two weaknesses in the Google empire -- video distribution and social networking -- into strengths that could keep the company growing rapidly for years to come. It could also change the way users connect with video online, as well as how content owners distribute it.

source

Youtube eyeball magnet

Tags: video | Purchase | online | networking | YouTube | Places | news | internet | Google | GOOG | bet

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