Today internet giant Google purchased Youtube for $1.65 billion as it increases its market share in the internet video industry to nearly 56%. The aggressive move should pay big dividends in the future because Google, unlike Youtube, understands how the internet works. Google will upgrade Youtube’s platform, make downloading videos easier , and allow web searches to become more video friendly.
If you currently visit Youtube on a frequent basis, prepare for a newer, faster, and more friendly Youtube by Google Inc. Shares of Google Inc. (GOOG) gained 2% at the market close and rose an additional $2.75 during after-hours trading. Look for Google to reach $450 by the end of December. Google looks invincible right now.
Author: Tarik Pierce
Bio: Tarik is the CEO/Marketing Manager of InvestorTrip.com. He follows a simple diversified value investment strategy that seeks long term equity appreciation. He studies economics at Dartmouth College, and plans to pursue his MBA at Morgan State University this fall. Tarik enjoys reading, playing soccer, and living life to the fullest.
Bio: Tarik is the CEO/Marketing Manager of InvestorTrip.com. He follows a simple diversified value investment strategy that seeks long term equity appreciation. He studies economics at Dartmouth College, and plans to pursue his MBA at Morgan State University this fall. Tarik enjoys reading, playing soccer, and living life to the fullest.
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