You heard it hear first !!

As reported here last week, yesterday Google confirmed its purchase of YouTube for $1.65 Billion !!!

What these means for the rest of the Video Sharing Industry time can onky tell, but this clearly sweeps the board for minor competition and I presume the owners of metacafe at the rest woke up this morning in a cold sweat....

YouTube boys were two years ago working out a garage and today can afford to buy an island.