YouTube spoils made official, co-founders did well
YouTube co-founders Chad Hurley and Steve Chen are each worth about $326 million as a result of Google’s purchase of the video-sharing company, documents registered by Google Wednesday reveal.
Their takes are five times that of third co-founder Jawed Karim, who returned to Stanford before YouTube was bought last year. Karim got 137,443 shares, worth about $65 million based on the $470 closing price of Google’s stock yesterday. Hurley and Chen both have 694,087 shares.
For… Continue Reading
Roundup: MetroFi connects Foster City, GDrive leak, Cisco’s triple threat
Cisco’s triple threat — San Jose networking giant Cisco has won a patent #7075919, which states Cisco owns any “system and method for providing integrated voice, video and data to customer premises over a single network.”
Cisco picked up its intellectual property in a sale by Sandstream Communications & Entertainment, according to LightReading. What does this mean? Well, with Cisco ever more eager to own the living room (as we’ve mentioned), it could approach the big players… Continue Reading