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Consumer spending remains strong in spite of the weak GDP and will be putting cash into flow in the U.S. economy in spite of the sluggish GDP growth. "Comments from the Fed yesterday noted inventories are now at more respectable ratios. People don't think the GDP number really means much because the stage is looking for a gain in momentum in second quarter," Cardillo continual.

YouTube was founded by Chad Hurley, Steve Chen and Jawed Karim, who were all early employees of PayPal. Prior to PayPal, Hurley studied design at Indiana University of Pennsylvania. Chen and Karim studied computer science together at the University of Illinois at Urbana-Champaign.

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