The news that YouTube has pocketed $1.65bn in Google gold has stirred the technology industry and pushed yet another wave of computer savvy twenty-somethings to all-night madness in the race for the next cool thing. Business aspects of this exciting match – which would itself resemble a hook-up on a social networking site, were it not for the 10-digit transaction price – will offer financial analysts plenty of grist. But the public policy elements are perhaps even more profound, as they sail beneath the radar. Full article available at ft.com. http://www.ft.com/cms/c1b2ac76-5883-11db-b70f-0000779e2340.html. Also available by [PDF Download] on Prof. Hazlett’s faculty profile.