10/10/2006
Video Message From YouTube Founders
It's official. Say hello to Chad and Steve, the worlds newest millionaires. Web-search giant Google has acquired YouTube for roughly $1.6 billion. The acquisition of YouTube makes Google the 500 gorilla of online video. And that's a perfect place to be at a time when consumers are rapidly increasing the amount of time they spend viewing video clips online, and Internet video advertising is booming.Thank goodness Rupert Murdoch didn't buy YouTube.
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Look at Steve, he can hardly keep the smile off his face. "Thanks to everyone of you guys for making us filthy rich!"
Congratulations for becoming filthy stinking wealthy at a relatively young age! Secondly, how does YouTube make money, anyway? I know that I never click on any banner ads.
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