There Is Something About YouTube

The recent purchase of extremely popular video web site YouTube by Google for $1.65 billion in stock is probably one of the biggest news to date in the internet world. The site, which was started by three 20-somethings last year, is a free video warehouse that allows users (something like 100 million a day) to upload or download movies. Rumors emerged that Yahoo was in the bidding war until very close to the end. Sequoia Capital, which funded YouTube with $11.5 million, earned more than 40 times what was invested in a company founded in February 2005. Other news report of CBS, Vivendi-Universal and Sony BMG joining a new branded channel on YouTube to deliver featured content.
On the other hand News Corp-Fox, which owns MySpace, the first YouTube competitor in the web video market, didn't hide sort of unease about Google's move, given the recent agreement for hosting Google ads on the famous social networking community. Last weekend, subtle changes occurred on MySpace’s homepage and user pages to make MySpace videos much more prominent and accessible. The default user profile page now has a video section that automatically displays a video if the user has one uploaded.
In other words the web video world is exploding, and the "viral" video technology invented by YouTube is the engine of this explosion. What's this "viral" stuff? It's the ability of embedding any YouTube video in a blog or web site just as simply as this...