Google dumps $1.65 billion on YouTube
A little bit of info I forgot to mention: Google has shelled out $1.65 billion in stock for YouTube. According to Mark Cuban, they’re complete morons. I remember hearing an interview with YouTube co-founder Steve Chen on Inside The Net waaay back in March.
I remember thinking how YouTube’s useability was a great idea, but I also wondered how they would pay for all the bandwidth that serving video requires. I’d say $1.65 billion covers it.