Yeah, he was buying market share. Google was buying advertising potential and market share. The largest video streaming platform on the planet, still not a silly buy.
At the time YouTube was acquired their infrastructure costs were quite high. Not as crazy as today's AI companies, but in the same way a lot of people were questioning if they could ever make money because of it.
Ah I see, I think I was still in my teens when that purchase happened, so I had no idea about the concerns or anything. I just was shocked at the amount of money because it's a lot of money.