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Google buys YouTube

Bet you saw this coming... Google's pixie dust never quite worked with video, so they're paying $1.65 billion for YouTube's dust. There's still the question whether YouTube was worth that price, even if it bolsters Google's convergent media chops.

I suspect the price was justfied, but some disagree. Mark Cuban, for instance, believes that YoutTube is an albatross, that it'll fall because it depends on copyright infringement to succeed. He just doesn't get the YouTube model. (Cuban's the guy who wanted to change the Internet from many to many to one to many, so there's a lot more he doesn't get.) [Link]

posted this at 7:42 PM
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