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Eric Schmidt At Web 2.0 On YouTube & Other Issues

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John Battelle spoke with Eric Schmidt at Web 2.0 yesterday. What have we got? YouTube's growth made it a necessary purchase. No, money's not set aside to cover YouTube legal claims. Yes, you can have your date if you want it, users. No, Google's not trying to take out Microsoft Office. Plus some more below.

Google CEO Eric Schmidt: We would never trap user data from ZDNet has coverage that has Schmidt saying:

  • Google bought YouTube because it was growing faster than Google Video, and video was a "fundamental data type" to Google.
  • Google's still figuring out ways to compensate content owners with video, a complex area.
  • Google would support exporting personal data (search history, email, etc) to other providers, if it can be authenticated.
  • Google's office products are "casual" and not aimed at Microsoft.

Google CEO denies rumor of YouTube legal reserve from Reuters quotes Schmidt as saying "not true" to a rumor that $500 million of the YouTube sales prices was set aside for legal claims.

@ Web 2.0: Day One Highlights: Ad 2.0; Google CEO; Skype Content from PaidContent covers Schmidt but also touches on IAC's Barry Diller saying in a separate interview that he doesn't expect Google will become a media monopoly or dominant player.

Web 2.0 Con: Liveblogging the "Conversation with Eric Schmidt" from Valleywag has a nice minute-by-minute rundown of the interview, for those that want more -- and covers that if Schmidt or one of the cofounders Larry Page or Sergey Brin don't agree on something, the cofounder wins. "I'm the one with the experience who's late. Left to their own devices they'd be early and right, but too early."

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