YouTube founders split $650M payout !!!

[Harbourmaster]

http://money.cnn.com/2007/02/08/technolo...06?cnn=yes

"Web search leader Google details the payout from its $1.65 billion acquisition of the popular online video service.
February 8 2007: 6:34 AM EST


SAN FRANCISCO (Reuters) -- Two of YouTube's founders stand to divide shares of stock now valued at around $650 million, Web search leader Google Inc. said in a regulatory filing Wednesday detailing the payout from its $1.65 billion acquisition.

Chad Hurley, chief executive of the online video sharing phenomenon YouTube, received 694,087 shares of Google common stock worth around $326 million, according to the Securities and Exchange Commission filing.

Co-founder Steve Chen received Google common stock valued at a similar amount, including 625,366 shares directly owned and another 68,721 shares held in a trust."

[hal]

and to think Excite went for $5bil before the bubble burst...

[Racer X]

but youtube's content was provided by the users free of charge.....

Think of a store where the customers brought their own food, and then paid for it......

[mikebw]

I would think of it more like a free place to eat your lunch in, but all the walls and tables are covered in ads, and the cafeteria automatically tells everyone else what you are eating, and they can share with you.

[SteveJobs]

Think of copyright pick-pockets amonst the streets coming into a smokey room where the cops are paid off and look the other way while rights-holders are barred from seeking monetary recompense.

[MacMagus]

> Think of copyright pick-pockets amonst the streets coming into a smokey room where the
> cops are paid off and look the other way while rights-holders are barred from seeking
> monetary recompense.

Think of Viacom issuing a take down order against the home videos of your dog and that Star Wars Kid ripoff you did for a lark in your basement.
http://www.irrlicht3d.org/pivot/entry.php?id=451