GooTube for Real

Posted by: Rob Hof on October 9, 2006

Not surprisingly, Google has indeed bought video sharing phenom YouTube. Although a lot of people, like Mark Cuban, thought it was a bad idea, the deal’s done. It is quite a departure for Google, the $1.65 billion purchase price being more than all its other acquisitions put together. But if Google can work through the issues of how best to place ads and can mollify commercial video rights-holders—and some people, such as Paul Kedrosky, are betting it will—the deal may end up looking pretty smart before long. I always thought that 100 million-plus video viewings a day can’t help but produce revenue at some point. And while I’m less sure about what this says about Google’s presumed ability to create whatever it wants internally and make a success out of it, investors apparently aren’t worried. The stock rose 2% today, no doubt in anticipation of the deal.

Reader Comments

dg

October 9, 2006 9:16 PM

Mindboggling. I wonder if the next generation will grow up using the word "google" in place of "internet"?

john

October 10, 2006 6:41 AM

GooTube - hereis a cute mashup of YouTube and Google maps. http://www.gootube.net

What do you think of this site?

Mike

October 10, 2006 3:22 PM

Google paid way too much for that. The attraction for many users to You Tube is finding that video tied up by lawyers. Example: NBC shows a performer you like on the Tonight Show from years ago. There's no way to get that from NBC but some fan had it in their VCR collection. Those days will be over and Google will either fix or get slammed with law suits. Either way a beautiful thing is destroyed...

jake

October 28, 2006 4:07 AM

That's a pretty ignorant thing to say Mike. You're beginning to sound like Bill Gates and his famous claim that the Internet would just be a fad.

The real motivation for people to go to youtube has more to do with freedom of expression. It's a spin off of the blogging concept. Some videos are dumb, meant only for humor.. others are clips of college kids doing dumb crap for their peers to view.. inside jokes, basically...
and some use you tube for actual political reasons.

You Tube isn't THAT limited in use. After all... the Numa Numa's of the world prove that the Internet doesn't merely copy what already exists... it CREATES it... You Tube is a way to get that creation OUT there.

GooTube

October 28, 2006 5:45 PM

Another one Google-YouTube mash-up is at kottel.com/GooTube (in fact it's Google-YouTube-IFILM mash-up).

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Bloomberg Businessweek writers Peter Burrows, Cliff Edwards, Olga Kharif, Aaron Ricadela, and Douglas MacMillan, dig behind the headlines to analyze what’s really happening throughout the world of technology. Tech Beat covers everything from tech bellwethers like Apple, Google, and Intel and emerging new leaders such as Facebook to new technologies, trends, and controversies.

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