Google, the Internet’s leading search engine, announced Monday that it is buying popular online video site YouTube for $1.65 billion in stock.YouTube, which was founded in February 2005, has quickly become the most well-known of several online video sites. More than 100 million videos, many of which are short videos created by the site’s users, are downloaded a day on the site.
Looks like the Internet Search Juggernaut is still steaming along.. Google has taken over the Port Authority … so of .. According to the Village Voice, Google is settling in on 111 8th Avenue.
Here is why ..
“That’s why what lies beneath 111 Eighth Avenue may be more important than the building itself. The old Port Authority headquarters sits atop one of the main fiber optic arteries in New York City—the Hudson Street–Ninth Avenue “fiber highway.” The venerable behemoth is already one of the country’s most important “carrier hotels”—loosely speaking, the physical connection points of the world’s telecommunications networks and the World Wide Web. As a result, Google will “have access to as much bandwidth as possible and as much variety of bandwidth as possible,” says Dana Spiegel, a technology consultant and executive director of NYC Wireless.”