GoogleTube is here!

So it is finally confirmed: Google bought YouTube for $1.65 billion in a stock-for-stock transaction.

I think this is a good thing for YouTube, since they were burning bandwidth money while not having a clear business plan. But with Google backing them now, they will have the freedom to develop their platform and improve their services.

On the other hand, I hope Google has a plan for YouTube. Maybe their ad plan will work with it, I hope so for them. In the meantime I am just glad that I can keep using YouTube for the forseeable future.