YouTube India

• YouTube now has an Indian version!!!
• Popular online video site YouTube on Wednesday (07.05.2008)launched its Indian
• edition, www.youtube.co.in
• It features a localised homepage and search functions, allowing users to create and share videos, discover the most popular and relevant videos in India, and connect with other Indian and global users.
• Launching the Indian version ,YouTube’s chief technology officer and co-founder Steve Chen said that "YouTube India will not only offer Indian users more relevant content but also provide a platform to share unique and diverse culture and lifestyle with the largest online video community in the world.”
• A subsidiary of Google, YouTube in India has signed partnerships with various firms including Eros Entertainment, Rajshri Films, IIFA, the Ministry of Tourism, IIT Delhi, NDTV, UTV, Zoom TV, India TV and Krishcricket. It also aims to facilitate connections among large non-resident Indian community.
• Internationally, it has partnerships with content providers like CBS, BBC, Universal Music Group, Sony Music Group, Warner Music Group, NBA and The Sundance Channel.
  YouTube was created in 2005 to enable the Internet’s lay users to share videos, movie clips and song videos. It was acquired by Google in November 2006.

Google quarterly results disappoint

• Google Inc on 31st January reported disappointing quarterly results on rising capital spending and costs for acquiring advertising customers, unnerving investors who sent its shares down 6.5 per cent. Revenue rose 51 per cent to $4.827 billion, just shy of the $4.83 billion.
• It was only the third time in 14 quarters as a public company that Google failed to top Wall Street profit forecasts. But Google executives underscored their belief that there were no signs that a weakening US economy so far was hurting its own results and that they expect advertisers to maintain spending with Google even if they slash overall ad budgets.
• Immediately following the results, the stock fell to around $510, down 9.5 per cent. The stock fell 24 per cent in January. A 2007 darling among technology stocks, it has fallen from near $750 in November, when analysts raced to boost price targets as high as $900.