Jason Kincaid is on YouTube like a duck on a June bug. Back in June, he reported YouTube downloads of 1.2 billion per day. The new YouTube logo, which notes 1 billion views per day, is reminiscent of McDonald's X Billion Served postings. The biggest difference is in the cost. The inventory and delivery costs of YouTube videos is fast approaching zero, hamburgers still cost real money to process and deliver. YouTube is becoming a money printing machine!
Jason notes that Google paid "a whopping $1.65 billion" for YouTube, three years ago. His rant is mindful of the rants about Seward's folly. When Seward negotiated to buy Alaska for 1.2 cents per acre, there was great controversy. The deal was approved and funded by congress only after multiple acrimonious debates.
Google's purchase of YouTube will ultimately be considered as good a deal as Seward's purchase of Alaska. In case you have not noticed, mobile Internet is in break-out mode. If you don't believe me, go get in line at a Verizon store. Where are all those customers coming from?
"acquired YouTube for a whopping $1.65 billion."
- YouTube's New Logo Announces '1 Billion Views Per Day!' -- Seeking Alpha (view on Google Sidewiki)
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