Google purchases Youtube

Google had acquired YouTube for $1.65 billion in stock compensation. YouTube will continue to operate independently. Google Video will continue to operate separately.

The acquisition combines the largest and fastest-growing video-sharing community online with the largest search engine. YouTube, which was founded in December 2005, serves over 100 million videos per day via its progressive downloading technology. The site has captured 47.07 percent of the online video market, compared to Google's 11.09 percent. Google, meanwhile, holds about 50 percent of search market share, outstripping its closest rival, Yahoo, by about 25 percent.

The acquisition of YouTube gives Google a greater ability to capture more of the online video and social networking advertising market. Buying YouTube may also give Google a competitive edge against News Corp., which owns social networking site MySpace. MySpace currently owns about 20 percent of the video-sharing market, according to Hitwise.

Source: Google

Phone rumours from Apple help share prices to skyrocket

Increasing numbers of share buyers appear to be convinced that Apple will soon unveil its first mobile phone. Apple, he says, can change this because it will be the first big company in the west to approach phones from the user's perspective

The company's stock price has risen to record highs on successive days, with little to suggest that anything other than 'iPhone' speculation is the cause.

'If Apple can repeat its startling success of recent years, it could not only produce a product that satisfies the iPodistas but lights the blue touchpaper under the operators,' he wrote.

A Mockup Video:

PS3 launched

Yahoo Time Capsule

Yahoo starts clock on Earth time capsule

Yahoo has set out to capture life on Earth in digital formats for a time capsule to be buried in Silicon Valley as well as beamed into the cosmos from Mexico.

The internet giant invites people worldwide to contribute pictures, videos, songs, ideas, drawings or anything else they could digitise for a "first-ever electronic anthropology project" to document human life in 2006.

Submissions could be uploaded via the internet to regionalised "Yahoo Time Capsule" websites.

Suggested topics included love, anger, fun, sorrow, faith, beauty, hope, and "you".

"You don't have to be a gadget hound or tech savvy to know how to do these things any more. Who knows what it will be like in 10 years?"

Yahoo planned to open the time capsule when it celebrated its 25th anniversary in 2020.

"Even though it might seem like a short future out, I can only imagine how we will look to our future selves given how rapidly things are changing," Srinivasan said.

Google in talks to acquire youtube

PIC: Comparision of web traffic to online videos

The rumor that Google is in talks to acquire YouTube may be more than “40% likely to be at least partially true.” The talks are in fact underway, according to “a person familiar with the matter.”

A Journal reported the same price tag, $1.6 billion. Hitwise, by the way, just posted some interesting traffic stats and discussion on Google Video vs YouTube. The gist of it is that YouTube is much bigger and growing faster and that Google sends lots of traffic to YouTube already, reportedly more than anyone but MySpace.