On October 9, 2006, with the Dow hovering near a record 12,000, the markets got a jolt. Google, the eight-year-old money machine, announced it would buy YouTube, the eighteen-month-old Web video-sharing phenomenon, for $1.65 billion in stock.

On October 9, 2006, with the Dow hovering near a record 12,000, the markets got a jolt. Google, the eight-year-old money machine, announced it would buy YouTube, the eighteen-month-old Web video-sharing phenomenon, for $1.65 billion in stock.
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