Most of the mainstream media is reporting that Google plans to buy YouTube for a reported 1.6 billion dollars. Google has their own video sharing service which has a reasonable market share but it is not up to YouTube.

I still wonder if it is worth 1.6 billion dollars though. NewsCorp bought MySpace for a third of this and is probably a more popular site than YouTube.

YouTube has a staff of just 65 people! I get the feeling that Google’s only interest in buying YouTube is stop other comanies from buying them out.