(From Cynopsis)
YOUTUBE, the video-sharing website recently acquired by GOOGLE for $1.65 billion, beat out a vaccine that prevents a cancer-causing sexually transmitted disease and a shirt that simulates a hug to grab top honors as TIME MAGAZINE's INVENTION OF THE YEAR FOR 2006.
TIME MAGAZINE, owned by media conglomerate
TIME WARNER, wrote in an article that YOUTUBE's scale and sudden popularity have changed the rules about how information -- along with fame and embarrassment -- gets distributed over the Web.
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