Last week marked the 10-year anniversary of the first video ever uploaded to Google’s (GOOGL) popular video sharing service, YouTube. As one of the most popular websites on the Internet, and the second leading search engine behind Google, YouTube clearly has a lot to celebrate. However, as a profitless Google subsidiary, YouTube’s future could prove quite volatile, especially as its main competitor continues to invest in an entirely new video-sharing platform.
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Recording GoPro's Success
Not even four months removed from its June 26th IPO, ultra-portable video camera maker GoPro (GPRO) has seen its stock price gain over 300% from its initial offering price, peaking at over $98. Since its IPO, GoPro’s stock has been one of the top performing securities in the market, and was up an astounding 80.89% in September alone (one of the most volatile months on record).
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HBO Poised To Dominate Netflix
Earlier this week, Time Warner, Inc. (TWX) CEO Jeff Bewkes said that HBO is “seriously considering” offering its popular HBO GO service to those without cable (CMCSA) or satellite (DISH) subscriptions. This move reflects HBO's new attempt to become more competitive with Netflix (NFLX), currently the most popular online streaming service.
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Google, YouTube... & Twitch?
YouTube, a subsidiary of Google (GOOG), is completing a deal to buy popular online video streaming website Twitch. The deal, valued at more than $1 Billion, would be the most significant acquisition by YouTube in its short history. Although no official statement has been released, sources close to YouTube have reported that the deal is imminent, despite Twitch’s public relations director stating that “Twitch does not comment on rumors."
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