On the Google YouTube purchase

An article in today's Economist provides a good brief summary of Google's aquisition of YouTube. It also gives a good (but journalistic) summary of where all the big online players now stand in relation to each other.

However the article does carelessly describe Microsoft as the software giant that dominated "the first generation of the web" in a way that implies they are behind now. I hate to use the phrase "Web 2.0" but you don't have to walk far from "Web 2.0" before you see a JavaScript XMLHttpRequest object, and we all know who invented that!