Speaking of Google acquisitions, YouTube has been snapped up by the Web search giant for the not insignificant sum of US$1.65 billion. YouTube was founded in February 2005. Not a bad pay-off for twenty months’ work! Okay, so a lot of the work was probably done before the company was founded, but still…
Anyway, this acquisition comes less than two weeks after Mark Cuban suggested that you’d have to be a moron to buy YouTube because of the litany of lawsuits that are, apparently, just waiting to happen. Material is often posted to YouTube by users who are not the copyright owners.
