It is true. There are thought to be around 1080 atoms in the observable universe. Googolplex is 1 followed by a googol zeros (10100 zeros). So you would have one atom with which to write approximately 1020 (100 quintillion) zeros!
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1 googol = 10100 1 googolplex = 10(googol)
A googol is 10^100, and a googolplex is 10^googol, which is 10^(10^100). So, googolplex raised to the power of googolplex would be (10^(10^100))^(10^(10^100)). This can be simplified to 10^(10^100 * 10^(10^100)), which is an incredibly large number with 10^10000 digits.
There are one googol 0's in a googolplex.
No, Infinity is never ending, where as a googolplex is a fixed number.