What is Digg?306 Comments
- ifonly, on 10/15/2007, -91/+701LEEEEEEEEEEEEEEEEEEROOOOOOOOOOOOY JEEEEEEEEEEEEEEEEEEENKIIIIIIIIIIIIIIIINNNNNNNNNNNNSSSSSSSS
- boneill428, on 10/12/2007, -1/+226Youtube is so lucky. They just made off with 1.65 Billion. Suckers...
- compu73rg33k, on 11/07/2007, -8/+140Man google is so lucky! Now they get to pay those astronomical bandwith bills!
- inactive, on 10/12/2007, -3/+120"Like google has 1.6 billion in cash lying around."
i'm sure they do. - thebman990, on 10/12/2007, -5/+118At least Google has chicken.
- Soccrmastr, on 10/12/2007, -0/+112heres the offcial press release:
http://www.google.com/press/pressrel/google_youtube.html - chris9902, on 10/12/2007, -12/+101I think it sums it up quite well. Think of all the other players as investors and Google as Leroy... good match, no?
if you have no idea what I'm on about: http://youtube.com/watch?v=q3DtKMEO9N0 - dwwatk01, on 10/12/2007, -1/+87What Google has succeeded with thusfar is purchasing smaller, more manageable companies with which they could more easily integrate (great example - Writely). I understand Google has the assets for such a purchase, but I am somewhat skeptical of this purchase.
Then again: me = programmer finishing up college, and them = very successful billionaires. - ThrasherC, on 10/12/2007, -1/+79I would if I were them -- like the freakin' Money Bin in Ducktales.
- FreakTrap, on 10/12/2007, -6/+83@VipeNess
If I were google, I wouldn't let you upload that either. - bbatsell, on 10/12/2007, -2/+78@jacobee519:
I much prefer Google Video, if only because it allows me to stream the video, as well as navigate to any particular part of a video, as opposed to progressive download + very few chapter points with YouTube. - tokyomonster, on 10/12/2007, -2/+67"Like google has 1.6 billion in cash lying around."
Are you kidding? I hear Eric and Seregey bathe each other in 100 dollar bills every day. - 0crabby0, on 10/12/2007, -2/+65First there was the "Amazon Model" - sell a lot of product, but not make a lot of money.
Then the "Google Model" came along - make money but it's hard to track cash flow(may or may not have to restate earnings next year).
Now there's the YouTube model - hemorrage cash and sell it for billions(1 1/2 billion).
I'll stick to the Digg model - Podcasts and beer. - sunwukong, on 10/12/2007, -12/+74$1.65 billion in stock. . . that's like 10 shares
- jdb252, on 10/12/2007, -5/+65I wouldn't be surprised if they actually just had a little trapdoor somewhere where they can just pull out billions of dollars. It's Google.
- takai, on 10/12/2007, -6/+60YouTube was Google's number one competitor for online video distribution. What better way to compete than with yourself.
- thelastknowngod, on 10/12/2007, -10/+59i dont know if this is a good thing or a bad thing. google def has the cash but do they really want to pay THAT much?
- inactive, on 10/12/2007, -0/+46Youtube was founded in February of 2005. Do you know how insane that is? These guys built a company that went from being worth $0 to $1.65 billion in just over 1 and a half years. The company basically grew $2.5+ million/day (if it were a linear rate..which it wasn't).
Hats off to them. - FreakTrap, on 10/12/2007, -7/+47@thelastknowngod
They didn't really 'pay' a thing. They gave them Google Stock, which can be sold to other people for money, but costs Google nothing to distribute. - duke_nate, on 10/12/2007, -1/+40Google owns a ton of dark fiber, and probably part of the internet backbone itself.
They get a pretty decent discount on bandwidth ;)
They have big dumptrucks going down their big tubes. - sekyuritei, on 10/12/2007, -5/+36Hey, at least this will kill all the speculation / they should / they shouldn't / articles, right?
- drpeppper, on 10/12/2007, -2/+33All your video are belong to Google.
- fricken4, on 10/12/2007, -3/+33Marc Cuban is getting Drunk right Now
- Guspaz, on 10/12/2007, -3/+32This makes sense for two reasons:
1) Monetization. Google makes the vast majority of their money through advertising. Because google IS the advertising company, if they use their own advertising, they keep 100% of the profit. There is nobody to share it with (like with AdSense, or whatever ad company YouTube is currently using). This allows them to get a lot more money out of a web site than anybody else can.
2) Bandwidth. YouTube's bandwidth bills are incredibly high. Google, on the other hand, in many cases doesn't even pay for bandwidth. This is because not only does Google control a lot of fiber themselves (allowing them to link their own datacenters together for free), but they have a lot of peering arrangements with ISPs that are also free
So this purchase will do two things. First, it will dramatically increase YouTube's revenue. Second, it will dramatically decrease YouTube's costs. The combination of the two means that YouTube will go from burning through money to being immensely profitable.
There are other benefits, of course. Google has deep pockets (Billions of dollars in the bank unspent), and can easily afford any legal battles that copyright owners might bring against Google (as well as any settlements that Google might need to pay). YouTube, on the other hand, was in a much more precarious financial position when defending against copyright infringement lawsuits.
So, this purchase of YouTube really is the perfect ideal company for Google to acquire. - DarkSenay, on 10/12/2007, -8/+37With a high profile company like google, it seems it may be hard for the entertainment companies to sue, unless they feel like their artists or programs being excluded from Google's search engines. Also, they would lose any marketing opportunites they might have with Google. And what other company has the infrastructure to handle and minimize the costs of bandwidth other than Google. Sounds like a good buy.
- inactive, on 10/12/2007, -4/+32Prepare to start seeing a lot more of this:
http://www.youtube.com/index?&session=gAJ9cQEoVQxlcnJvcl9maWVsZHNxAmNfX2J1aWx0aW5fXwpzZXQKcQNdhVJxBFUGZXJyb3JzcQVdcQZVOlRoaXMgdmlkZW8gaGFzIGJlZW4gcmVtb3ZlZCBkdWUgdG8gY29weXJpZ2h0IGluZnJpbmdlbWVudC5xB2FVCG1lc3NhZ2VzcQhdcQl1Lg== - simd, on 10/12/2007, -1/+28Keep in mind that Google a) already has massive bandwidth and b) has been buying large amounts of dark fibre, presumably with the express point of using it to move huge amounts of data.
Bigger tubes = lower cost YouTube. - inactive, on 10/12/2007, -3/+29"Man google is so lucky! Now they get to pay those astronomical bandwith bills!"
...and collect the millions in advertising revenue. - lateralus, on 10/12/2007, -1/+27Hey i'm just glad it isn't Rupert/Fox's toy.
- inactive, on 10/12/2007, -4/+26Mark Cuban is a ***** douche bag
- merreborn, on 10/12/2007, -4/+25Are you kidding? Google gets sued all the time. Yes, they have the muscle to put up a decent fight, but they've also got more money than god, which always draws lawsuits.
- Blabster, on 10/12/2007, -1/+18If you can't beat em, BUY em! :)
- NinjaBoy, on 10/12/2007, -4/+21I like google's player and such. But i also love reading the comments people leave. It lets me know if i should even bother watching the video.
- mexter, on 10/12/2007, -1/+17Also, this new should appear on Slashdot in about four days. Then again a week later.
- h4lofourt33n, on 10/12/2007, -3/+18Great news, I can't wait to see where this goes. I wish I would have started YouTube, I'd be P-A-R-T-Y-I-N-G right now.
- JoshuaGross, on 10/12/2007, -4/+19Mark Cuban. As I commented, Mark Cuban is a self-promoting arse and only said that about YouTube to generate attention about himself.
- soudak, on 10/12/2007, -2/+17I know this is beating a dead horse, but..I love it.
This same story on netscape has 11 votes and 4 comments;
right now on digg it has 1033 votes and 107 comments, and I'm sure it's gone up quite a bit since I started typing this. - ThinkFr33ly, on 10/12/2007, -7/+22So let me get this straight, Google just bought a company with $1.65 billion in stock whose claim to fame is not making any money and having a business model that relies on the rampant and unregulated distribution of copyrighted material?
Great idea... if your goal is to get the crap sued out of you.
The only reason YouTube wasn't getting sued up until this point was that they didn't really have any money to get sued for. Now that some deep pockets own them it's going to be open season.
Expect to see the first lawsuits within a month. - donn, on 10/12/2007, -3/+19Just goes to show that you can still make coin off dot-com vapo money pits. You just need to be a little more AJAXy about it.
- jeromeerome, on 10/12/2007, -0/+15Live conference call with shareholders.
http://investor.google.com/webcast.html - G-RaZoR, on 10/12/2007, -0/+15You guys are a bunch of idiots. For one, Ventures gets most, founders may get 20-30%, some of the executives may get 5-10%, and then the rest probably nothing but a free dinner.
oh, and by the way. $1.6 Billion/60 people is $26.666 million each.
Also, what about Youtube's new CFO? Leaves Yahoo, goes to the 'tube, and now works for google? That's one hell of a resume, eh? - justhim, on 10/12/2007, -0/+14You should read other users' comments before linking to a story that has already been covered. The official press release is about 4 posts up from your's.
- burke, on 10/12/2007, -1/+15"actully.. it.s 2.66 million not 266 million. close though."
Right. That adds up to 159 million. close though. - kingkool68, on 10/12/2007, -1/+14I predict this will be the 2nd most dugg story of all time.
- joe90210, on 10/12/2007, -1/+14@lopla
you couldn't sound any dumber if you tried - coldshuts, on 10/12/2007, -3/+16Google is gonna run the Internet their way.
The way they run the Internet rocks. - jacobee519, on 10/12/2007, -10/+23What about google video? I'm assuming they're just going to use youtube's tech, (thank god!)
- arunforce, on 10/12/2007, -2/+14Now I remember all those articles saying Google is the LEAST likely to buy, and Yahoo!, News Corp, and all those other companies have a higher chance...
That's why I don't give a ***** about other people's opinions. - tomboy501, on 10/12/2007, -0/+12good god...I must've seen 25 dupes submitted in the last 20 minutes on spy
- xenubaba, on 10/12/2007, -7/+18It's no wonder you guys are digging stories while the people at Google are digging cash.
You guys don't get it do you?
With this deal, Google has effectively monopolize the freaking ONLINE VIDEO market.
Check this link for the market share of the respective video services:
http://money.cnn.com/2006/10/09/technology/google_youtube/index.htm?section=money_technology
YouTube 46%
MySpace Videos 21.2%
Google Video 11%
MSN Video 6.8%
Yahoo! Video 5.6%
Let's see. They have the Myspace deal. They have Google Video. They have Youtube.
Hmm... Let's do some basic math. 46+21.2+11 = 78.2%.
READ THIS: Google has 78.2% of the freaking online video industry after this deal.
They damn well monopolize the industry with close to 80% of the marketshare.
Microsoft and Yahoo stand no freaking chance at all after this deal.
If they have done the Youtube deal instead, they would have had a huge chance to fight against Google Video + Myspace.
Now, it's complete. Google's domination over onlin video is complete.
It's finish my friends.
So to those detractors to this deal. Get real! Youtube has settled with universal, cbs and a lot of the major media companies today. They are NOT gonna get sued.
The only suits google gonna get are from independent mentos video developers with a net worth of -$100,000 due to their spending on mentos -
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