Details of Googles purchase, a $1.65 billion transacation -- making this Google's largest purchase in its eight year history, of YouTube were released the morning of October 9th.

This is great news for YouTube, and a good move for Google: I’m willing to bet that we’ll look back on this as a good value buy. YouTube is likely to be bigger than MySpace, in my opinion, and will justify the $1.65 billion. I still half-wish that Chad had gone it alone, but earning hundreds of millions in just over a year is too good an offer to turn down, especially when faced with so much uncertainty about the future. I also expect to see some action on the Facebook-Yahoo deal very soon (or if Yahoo doesn’t act, someone else will). With YouTube now exceeding its $1.5 billion valuation, Facebook will almost certainly go for $1 billion or more. I’m not as convinced of Facebook’s future success as I am of YouTube’s, but it’s the only big player remaining in the social networking space.

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But YouTube's going to be bigger than MySpace? How, what, when? ..-cough- ORLY?

This doesn't seem logical to me. I'm no expert, but MySpace has for the past few years been an almost too perfect teen getaway where the focus is on said person. MySpace also hosts a number of band pages, including the ones you wouldn't exactly ever see on MTV, which gives said teen all the more reason to brag about his taste in la musica hardxcore.

Point being, MySpace allows for the great numbers of visitors to present themselves to their audience. You're given a great deal of customization with ease, perhaps unlike any other website, and a chance to be you via the internet. While I still prefer a blog over a MySpace, the idea is genious and has been rewarded justly.

But according to this guy, I should be purchasing AlexaStreet YouTube stock.

Now, can a video site with more than enough legality issues seriously surpass such a website as MySpace? Probably not.