FoxyWeb Tech Journal

There has been a lot of talk about the “Web 2.0″ bubble and if it’s going to “pop” soon. As we saw with the dot-com bust back in the day, we know it’s happened before. Something that has been on my mind about this topic is this: how involved on the Internet was the world back when the first bubble popped?

It’s pretty simple. The world wasn’t that involved back then. Today, roughly 70% of all teens have high-speed Internet access. Marketing has shifted, sales have shifted, the world has changed. Google’s recent purchase of YouTube.com for $1.63 billion is one of the landmarks that the web is here and here to stay. The web may change, and become better (Internet2), but it will always be here. The digital sector has grown beyond our imaginations and we can only expect great things for the future.

(via Slashdot)

As part of Google’s latest big push for advertising, Google gobbled up YouTube.com for a nice cool $1.63billion in stock. Some small time investors came out nicely in that deal, walking away with some $400 odd million. Founders walked away with $100-200 million each. Not bad for some PayPal alumni.

With AOL slowly losing market share to Yahoo!, Google, and MSN, it really needed to pick up its feed and get on the move to do something big. That “big” they are attemping to make is starting with the debut of OpenRide. OpenRide is a new broadband portal designed to attract visitors that have since moved over to Google and like companies that have been doing a better job.

Visit the beta of OpenRide to see what it’s like.

AdAge.com