If you can't beat 'em, buy 'em. Google is in talks to buy YouTube for $ 1.6 billion. That's even higher than last fortnight's asking price of $1.5 billion.
Viacom CEO Tom Freston got fired for not buying MySpace. Wonder who'll get the axe this time. Eat your hearts out, haters.
Rejoice, Filipino YouTubers. TV is dead. Long live YouTube.
(Via Fred Wilson.)