Google buys YouTube

In January of 2005, Chad and Steve, two friends in their mid-twenties, sat in a garage and scribbled notes on a whiteboard. Not even two years later, these notes evolved into YouTube, a startup website featuring shared personal videos that are now viewed by several millions of people all over the world. How much is this company worth today? Guess again…

Earlier today, Google announced it’s purchase of YouTube for $1,650,000,000. Yes, you read that correctly—1.65 billion dollars. Not cash, but Google stock. Google intends to leave the social video network website in-tact while allowing them to leverage Google’s technology to grow even bigger.

YouTube—a social network phenomenon | Google’s $1.65 billion purchase

Here’s a message from YouTube founders Chad and Steve

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