Google Buys YouTube

The popular video sharing site YouTube (www.youtube.com) has been purchased by Google for 1.6 Billion Dollars. Google will not shut down YouTube in favor of their own Google Video. They plan to continue to let the previous owners run the site, but make a few changes. I suspect one of those “changes” is an improved searching system powered by Google Search. With Google backing it, YouTube will likely grow further in size since there won’t be the problem of huge bandwidth bills. I bet the YouTube founders are amazed. Only two years running and YouTube is huge, and they made $1.6 Billion off of google, and no longer have to pay the huge costs to run the site. Amazing or what?