YouTube - A Google company!

Now, I can officially say that Google bought YouTube for 1.65 billion dollars! Wow! Much money for a service that is yet-to-be profitable and I think it won’t be profitable anytime soon. It is like in the best days of Bubble 1.0 It seems that now it is Bubble 2.0 time. I think that this price is way too much for YouTube but Google stocks are also over-priced so they can buy over-priced services. It seems that Rupert Murdoch didn’t pay too much for Myspace, after all.