Biggest Con Ever?

10/09/2006 - 04:49 PM >> Copyfight, Death of TV, Future Formats

An anonymous commenter over at TechCrunch summarizes some of our feelings about Google’s purchase of YouTube today:

seriously, is this the biggest con of all time? 1.65 biiiillion, for huge bandwidth bills, a lot of users who understand the word “free”, and a solid application that converts various video formats to flash? 1.65 billion for a flash conversion utility?

Unfortunately the commenter left out the saddest part which is the multitudes of copyright holders who held back from suing because YouTube didn’t have deep pockets. Let the games begin!

On the other hand, we should point out that the sale was paid for entirely with Google stock, so the funny money made the deal seem a lot larger than it might have been with cold hard cash.

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