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YouTube

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YouTube is a video sharing website which has been operated by Google since November 2006. YouTube is the second biggest website by daily usage, behind the Google website itself.

Early History[edit | edit source]

YouTube was created on February 14th, 2005, its first video titled "Me at the zoo" on April 23rd, 2005. The website was originally funded by investors, them giving a total of $11.5 million before Google's purchase. During the summer of 2006, YouTube was growing rapidly, having above 100 million video views every day in July 2006. A bit earlier, it went to a partnership with NBC in June 2006[1]. In October 2006, Google announced that they were purchasing the company for $1.65 billion in stock, which was their 2nd biggest transaction at the time[2]. The transaction was completed on November 13th, 2006

References[edit | edit source]

  1. ↑ https://knowledge.wharton.upenn.edu/article/online-video-the-market-is-hot-but-business-models-are-fuzzy/
  2. ↑ https://www.theage.com.au/business/google-closes-a2b-youtube-deal-20061115-gdotv3.html
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