How many times to you wish you could go back in time and buy stock in something before it went really big…like a little start up company ran from out of a garage in Los Altos, California in 1975.
That little start up went by “Apple Computer Co.” back then. Their first logo is reminiscent of a label for something my grandmother might have had to use. Later that little company dropped the computers from their name to become Apple.
Three former PayPal employees were to found a little start up company which Google would later gobble up turning it into the second most searched search engine on the planet. YouTube now has more than 2 billion page views monetized each week. That is a 50% increase from this time last year.
Q3 earnings for Google for 2010 were at $7.29 billion dollars. It is estimated that smart phones monetizing ads on YouTube contributed nearly $1 billion dollars alone.
That’s counting YouTube ads, and all non-text ads running on Google’s network and DoubleClick networks, Jonathan Rosenberg, Google’s senior vice president of product management, said on the Q3 earnings call.
“You guys always ask me… where’s your next multi-billion dollar business after search,” Rosenberg said. “There’s your answer.”
Google’s CFO Patrick Pichett stated that “Clearly this is the future of search in the Internet”.
For those who can successfuly ride the YouTube wave the future is looking very very bright.