Social Networking websites are being bought by large corporations at an amazing rate. Google’s purchase of Youtube will give this over more powerful corporation 56% of the online video viewing market. As the Internet become a more and more powerful medium we should question if this kind power is acceptable.
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By Steve Anderson
Republished from COA News
Google has agreed to purchase the extremely popular video sharing site Youtube.com, for $1.65 billion in stock.
Google Video has 10 percent of the online video market, according to Hitwise, which monitors Web traffic. YouTube has a 46 percent share.
Receive COA News headlines by e-mail
According to Cnet.com, Microsoft, Yahoo, News Corp. and other online and other traditional media corporations have shown interest in acquiring youtube in recent months.
Youtube also recently cut content related deals with NBC, Warner Music and just today cut a detal with Universal Music Group, Sony BMG Music Entertainment and CBS.
In related news, the social-networking site Facebook is in serious talks to sell itself to Yahoo for an amount that could approach $1 billion…
Rest of article
:::
:::
By Steve Anderson
Republished from COA News
Google has agreed to purchase the extremely popular video sharing site Youtube.com, for $1.65 billion in stock.
Google Video has 10 percent of the online video market, according to Hitwise, which monitors Web traffic. YouTube has a 46 percent share.
Receive COA News headlines by e-mail
According to Cnet.com, Microsoft, Yahoo, News Corp. and other online and other traditional media corporations have shown interest in acquiring youtube in recent months.
Youtube also recently cut content related deals with NBC, Warner Music and just today cut a detal with Universal Music Group, Sony BMG Music Entertainment and CBS.
In related news, the social-networking site Facebook is in serious talks to sell itself to Yahoo for an amount that could approach $1 billion…
Rest of article
