YouTube hires Yahoo exec to oversee finances
YouTube, the wildly popular video-sharing site that's been working to come up with a viable business plan, has hired a Yahoo executive to take over its finances, the Wall Street Journal reported Saturday (subscription required).
Gideon Yu has agreed to leave his position as Yahoo's treasurer to become YouTube's first chief financial officer, according to the Journal.
Now claiming more than 100 million views a day, YouTube, the subject of many acquisition rumors, leads the ever-growing pack of sites tapping into the market for user-submitted content.
The Journal calls Yu's move "the latest example of … Read more