Regardless of who is right in this debate, the enormous deal signals times of change in the web sphere. We’re in the heart of the second economic bubble called Web 2.0, with social networking websites and any software that provides a service developing into hot commodities.

To experience YouTube for yourself, check out the video of its billionaire founders announcing the deal right here.

In the first 24 hours the video was watched over a million times, and within a week it was viewed almost two million times.

Got to love the ease of which Web 2.0 allows things to happen. Let’s hope that with so much money flowing this internet bubble doesn’t burst too soon!