I thought it was just a rumor -& that was comforting- … but now it’s real! Google made their biggest deal in two years; they bought YouTube for $1.6 Billion!!!
February 2005, Hurley, Steve & Jawed Karim, founded YouTube. - Karim left YouTube to continue his studies in Stanford - Now these guys & their 65 employees will join Google.
YouTube is the largest video-sharing site on the Web, with an audience that watches more than 100 million clips a day.
This acquisition illustrates how established Internet & media companies are snapping up start-ups.
Now get this, shares of Google rose $8.50 to $429 at 4 p.m. yesterday New York time in Nasdaq Stock Market composite trading. They have risen 3.4 percent this year.
AAAAAAAAAH !!!