Whether you look at YouTube as potential advertising dollars or just another way to feed Google's data beast, you must consider it as a significant piece of the company's overall valuation. 

Lyons George has no position in any stocks mentioned. Richard Engdahl owns shares of Google. The Motley Fool recommends and owns shares of Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.