We all know that Google has now purchased YouTube.
MOUNTAIN VIEW, Calif., October 9, 2006 – Google Inc. (NASDAQ: GOOG) announced today that it has agreed to acquire YouTube, the consumer media company for people to watch and share original videos through a Web experience, for $1.65 billion in a stock-for-stock transaction. Following the acquisition, YouTube will operate independently to preserve its successful brand and passionate community. [Source]
There’s some CYA! "Yes, we own them but they operate independently so you can’t touch our bank accounts with your lawsuits!" Of course, some questions remain unanswered. If you fear the transition to Google, you can use other services like Dailymotion. So, while you still can, watch Jon Stewart on Bush speeches. The best part of this video starts at 3:33.