Two of YouTube's founders stand to divide shares of stock now valued at around $650 million, Web search leader Google Inc said in a regulatory filing detailing the payout from its $1.65 billion acquisition on Wednesday.
Chad Hurley, Chief Executive of the online video sharing phenomenon YouTube, received 694,087 of Google common stock worth around $326 million, according to the US Securities and Exchange Commission filing.
Co-founder Steve Chen received Google common stock valued at a similar amount, including 625,366 shares directly owned and another 68,721 shares held in a trust.
Sequoia Capital, the sole venture capital backer of YouTube, stands to receive around $442 million in Google shares based on the $470.01 closing price of the Web search leader on Wednesday.
Courtesy : Expressindia.com
YouTube founders split $650 mn in Google payday
February 10, 2007, 8:03 amWeb reaction swift and brutal to Anna's death
February 10, 2007, 8:00 am
Minutes after word of the death of stripper-turned-celebrity Anna Nicole Smith, the blogosphere began the autopsy of a life lived in the headlines, and the verdict wasn't at all pretty.
From different corners of the Internet, commentators who once considered Smith worthy only of off-color jokes purported to seek out the deeper cultural meanings of her death. Most came up brutally short.
Instead many observers reveled in jokes about the size of the former Playboy model's breasts or the extent of her drug problems--topics thought to be fair game in the world of celebrity gossip.
Blog search site Technorati.com showed mentions of Anna Nicole Smith spiked fivefold on Thursday. Still, at little over 44,000 mentions, Smith measures only one-tenth the blog star power of pop music sensation Britney Spears.
The occasion gave free rein to the pseudonymous savagery which passes for informed commentary on the Web.
Such cruelty contrasted with the tone of respectful shock used in blanket coverage of her death on cable television.
Courtesy : Expressindia.com
From different corners of the Internet, commentators who once considered Smith worthy only of off-color jokes purported to seek out the deeper cultural meanings of her death. Most came up brutally short.
Instead many observers reveled in jokes about the size of the former Playboy model's breasts or the extent of her drug problems--topics thought to be fair game in the world of celebrity gossip.
Blog search site Technorati.com showed mentions of Anna Nicole Smith spiked fivefold on Thursday. Still, at little over 44,000 mentions, Smith measures only one-tenth the blog star power of pop music sensation Britney Spears.
The occasion gave free rein to the pseudonymous savagery which passes for informed commentary on the Web.
Such cruelty contrasted with the tone of respectful shock used in blanket coverage of her death on cable television.
Courtesy : Expressindia.com
Economy to cross 1 trillion mark in '08
February 10, 2007, 7:55 am
Bullish on over 9 per cent GDP growth the government is hopeful of crossing one trillion mark by the end of next year.
This year the economy would touch 900 billion dollar and by the end of next year it would cross one trillion mark," Joint Secretary Ministry of Finance Kumar Sanjay Krishna said at the function to mark 40th anniversary of the Japan International Cooperation Agency's (JICA) India office.
On the bilateral trade issue, he said, Indo-Japan study group has already submitted its report to the Commerce Ministry last year. The Ministry is looking at it.
It is likely to become reality this year, he said adding following which the trade relation between the two countries would get great fillip
he group was formed to suggest ways and means to enhance Indo-Japan cooperation in trade, commerce, investment, development cooperation, economic partnership and regional economic integration.
Whether it would be Free Trade Agreement or some other form of the bi-lateral arrangement that both the government has to decide, he said.
Speaking on the occasion, JICA Resident Representative Tomoyuki Fujii said, "we have tried to contribute and assist in our own way to India's growth especially in key areas of socio-economic development."
The organisation would continue to assist Indian authorities in the field of agriculture, rural development health, environment conservation and economic development support.
Courtesy : Expressindia.com
This year the economy would touch 900 billion dollar and by the end of next year it would cross one trillion mark," Joint Secretary Ministry of Finance Kumar Sanjay Krishna said at the function to mark 40th anniversary of the Japan International Cooperation Agency's (JICA) India office.
On the bilateral trade issue, he said, Indo-Japan study group has already submitted its report to the Commerce Ministry last year. The Ministry is looking at it.
It is likely to become reality this year, he said adding following which the trade relation between the two countries would get great fillip
he group was formed to suggest ways and means to enhance Indo-Japan cooperation in trade, commerce, investment, development cooperation, economic partnership and regional economic integration.
Whether it would be Free Trade Agreement or some other form of the bi-lateral arrangement that both the government has to decide, he said.
Speaking on the occasion, JICA Resident Representative Tomoyuki Fujii said, "we have tried to contribute and assist in our own way to India's growth especially in key areas of socio-economic development."
The organisation would continue to assist Indian authorities in the field of agriculture, rural development health, environment conservation and economic development support.
Courtesy : Expressindia.com
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