Google Buys YouTube for $1.65 Billion

[Archaic]

Press release is here
http://www.google.com/press/pressrel/google_youtube.html

 

[Zhen Lin]

And it was said only a moron would acquire YouTube...

 

[Habunake]

Is this good or bad?

 

[Every Breaking Wave]

Moronic of Google - technically, YouTube isn't worth anything.

 

[Geodude]

first reaction: Ok, $1.65 billion? Isn't that kind of a lot?

 

[Zhen Lin]

Not really when you consider it's $1.65 billion in shares.

 

[Beautiful Day]

I imagine a good share of profit from YouTube will come from advertising.

 

[Fig]

1.65 billions is loose change for google anyway :-D