It's official, after days of speculation, Google acquired You Tube for a whopping $1.65 billion. Unbelievable. A site that hasn't existed for more than a year managed to become one of the fastest growing websites on the web. They also, in that time, managed to grow to become one of the leading sources of streamed video on the Internet. Simply stunning.
They did all this on the backs of their users. They made it incredibly easy to submit, publish, and share videos on the web and with their friends. This simple concept propelled You Tube from a nobody to a leader in just 1 years time. It's amazing how much things can change if you build the killer application.
In any case, they're now all becoming Google employees. Good for them. It's a good fit.