Oct 9, 2006
For reasons I cannot understand apparently Google is going to purchase YouTube for 1.65 billion dollars. I was going to type up a huge post about why I felt this is a BAD idea but apparently Mark Cuban sumed it all up for me.
When copyright holders finally stop sue’ing grandmothers they are going to move on from mp3′s to flash video files. I would have to say a good majority of YouTube video’s break some sort of copyright law. Will the RIAA sue the individual user or just go right for the money pit that is Google? I have to say google.
For YouTube this is a huge deal. Everybody is already ripping off YouTube. The idea isn’t inovative any longer. Everybody has a video sharing site. YouTube was just waiting for the large payoff (like myspace, facebook and pretty much every social networking site is) and they got it. YouTube got theirs but I didn’t expect Google to be the one taking on a sinking ship. Lawyers are just waiting to pounce on this one! Thoughts?