"Youtube is not google"
"Google Inc. (NASDAQ: GOOG) announced today that it has agreed to acquire YouTube, the consumer media company for people to watch and share original videos through a Web experience, for $1.65 billion in a stock-for-stock transaction. Following the acquisition, YouTube will operate independently to preserve its successful brand and passionate community."
Google Press release, http://www.google.com/press/pressrel/google_youtube.html
YouTube IS a Google product. They just don't brand it Google.