Saturday, December 09, 2006

Google buys YouTube

Not exactly new news, but part of the reason that you'll start to see more videos on my blog. It's due to the ease of use in adding videos from either youtube.com or Google's original Google Videos. The purchase price was $1.6 billion. That's right folks. The founders of that site made a fortune in very short time. It's just another example of the popularity of what they refer to as web 2.0 platforms, where people can create and add their own content. It will be interesting to see how Google monetizes this venture. My interest in these web 2.0 setups is tied to our plans for the Cartel, and it's grass roots army.

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