Oh And Finally, Google Buys YouTube

For $1.65 Billion. Owcha Magowcha. I can honestly say, I don't even have $1.65 in my wallet right now.

I wonder what happens now to Google Video. Or YouTube for that matter. On one hand, Google effectively eliminated the competition by buying out the owners' stocks. On the other hand, Google Video IS Google's web 2.0 video service. What about branding? What about competition? This isn't China, Google. YouTube competed well with Google video, and the audience was better off with the competition.

Oh well, that's why I don't even have $1.65 in my wallet.