Techdirt has an interesting perspective on how this story was reported, which is almost as interesting as the story itself. Wrap your head around this: TechCrunch posts a story speculating, making it clear that it is just a rumour, that Google might buy Youtube. The story appears in the Wall Street Journal, citing the original rumour post on TechCrunch plus an unnamed source, percolates from there to other normally reliable news sources, and ends up back on TechCrunch, citing the WSJ article that cited the original TechCrunch post. That’s quite the ‘circle-jerk of manufactured legitimacy,’ according to Techdirt.
Now it turns out these rumours are actually true. What does this say about the internet rumour mill? I don’t know. I just think it’s odd that that a number of new web companies are being bought out by the old web companies — many of these new companies not quite aware of how to monetize all those page views. del.icio.us has been bought by Yahoo!. Skype has been purchased by eBay. Now Youtube comes under Google’s wing. (MySpace is an exception.) I don’t know what that means either, except that clearly YouTube is not going to die over copyright issues now. Of course, it’s more likely to lose it’s edge. Metacafe or Revver anyone?