One thousand six hundred and fifty million dollars. With that, you could buy the latest US nuclear powered aircraft carrier and have $250 million left over to fuel and staff it. You could hire 16,500 people and pay them each $100,000 to work for you for a year. Or, you could have bought YouTube, which employs 65 people.
2006-10-13 07:55:49 · 14 answers · asked by Anonymous in News & Events ➔ Current Events
One thousand six hundred and fifty million dollars? That would be: $1,650,000,000. The sale price was $1,500,000,000. Think of 1,000 people who each have one million dollars, the total equals one billion dollars. You could hire 15,000 people and pay them each $100,000. You were on the right track.
As far as was this a smart or insane business move on Google's part...well, I think it was way over-priced. Google, on the other hand, thought this was a reasonable price. The big unknown in all this is the potential for YouTube to generate ad revenue. With something like 100,000,000 potential customers, maybe Google will be able to generate a profit.
Good question, by the way.
2006-10-13 08:08:21 · answer #1 · answered by afreeman20035252 5 · 1⤊ 0⤋
You have, of course, not considered the fact that it is possible - just possible that firstly Google may not want to buy the latest US nuclear powered aircraft carrier and have $250 million left over to fuel and staff it . . .
and secondly, when you went into that clothes shop last Thursday and spent $50 on that silly jacket you thought would suit you - Google didn't ask the whole world if they thought you were really smart or insane.
And do you know why?
Because it was none of their business.
Just like it's none of your business what they spend their money on.
If they have that sort of dosh in the first place - I've got a feeling that they know what they are doing.
Which is more than you did when you bought that jacket last Thursday.
I mean, green and gold?
with your complexion?
2006-10-13 08:08:09 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I think it was a genius move on the Part of Google. How many hits are there on youtube a day? Add that to the advertising power of google and I guarantee that 1.6 bill is nothing. Not only that but how much Revenue was Google losing out on because people were searching youtube? By buying out their competition and enlarging their internet holdings Google made a very smart decision. Also thanks to the promise to regulate copyrighted content (which naturally means the youtube that you and I know will be going "corporate") Google will be able to sway bigger advertisers and get some "exclusive" content. Exclusive content will no doubt be available to paid subscribers.
Good move for google, bad for everyone else.
2006-10-13 08:09:16 · answer #3 · answered by Psionyx 3 · 0⤊ 0⤋
It's not insane taking into account other past mergers/buyouts. Time will tell.
On the positive side, Google doesn't have to compete with Youtube anymore. In fact, Google owns most of the online video market now, since Google Video was the next biggest competitor to YouTube.
I'd rather pay 1.65 for Youtube than 400 for Iraq.
2006-10-13 08:06:46 · answer #4 · answered by Paul 7 · 0⤊ 0⤋
Google bought video-sharing website YouTube for $1.65bn (£883m). Tuesday, 10 October 2006.
2016-05-21 23:17:16 · answer #5 · answered by ? 4 · 0⤊ 0⤋
I think it was a very bad idea. Youtube can't make that much money can it? so how does google expect to get their money back? youtube is free. the only thing they have is advertisements. Not smart
2006-10-13 09:44:58 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Or you could buy 1,515,515,515.15 items off Wendy's 99 cent value menu!
Youtube has got to get the copyright issue settled to prevent the possibility of many lawsuits from infringement.
2006-10-13 08:00:24 · answer #7 · answered by Joe S 6 · 2⤊ 0⤋
Insane google smart and changing the name truly insane. :-s
2006-10-13 07:58:30 · answer #8 · answered by vortex0xetrov 2 · 0⤊ 0⤋
Not sure yet how it will come out, but great for the two people who started it!
2006-10-13 07:57:31 · answer #9 · answered by Anonymous · 0⤊ 0⤋
smart for the people at YouTube dont you think?
2006-10-13 07:57:01 · answer #10 · answered by Anonymous · 0⤊ 0⤋