Yahoo To Beam Digital Time Capsule Into Space

Yahoo has decided to beam a laser digital time capsule at an ancient pyramid in Mexico that includes images of top stories in 2006.

Click here for article at Information Week

Great. Just what we need...Martians are gonna love us when they see real-life pictures of "naughty" text messages from our government leaders....

NOTE: Article text has been summarized. Click here for the entire post.

Boom: Google Buys YouTube for $1.6B

  The Digital media space is rapidly changing...it's only the tip of the iceberg!

So it finally happened: the website everyone has been talking about, and everyone's been trying to figure out how they'll make money...just made a lot of it.

Google Buys YouTube

In something that reminds of us one of the crazy stories of the late 90's, Google bought YouTube for $1.6B (US) and reminded us of how the digital media space is changing...FAST.

I mean, does this make me feel inadequate? They started this freakin' site a year and half ago, and have now sold it for $1.6B. Not a bad paycheck for a year's work!

My opinion? This Web 2.0 thing is the real deal. The delivery of media is changing rapidly, and outlets (TV networks, movie studios, etc.) are struggling to monetize content as the command-and-control method of advertising rapidly disappears. It's a bit of the Wild Wild West in the world of digital media.

Here's the big question: Will YouTube be the next big thing and will Google figure out how to monetize the traffic?

I have my doubts as we've only seen the tip of the iceberg in this space....

NOTE: Article text has been summarized. Click here for the entire post.