On Valentine’s Day in 2005, three ex-Paypal employees met in a garage to create the world’s largest video sharing platform. YouTube, a popular website which allows users to upload, view and share videos, was first created by Steven Chen, Chad Hurley and Jawed Karim.
Starting from scratch, YouTube quickly revolutionized the way videos were shared across the internet. After its initial debut in 2005, YouTube grew tremendously after just a few months on the internet. With 65,000 videos uploaded per month in the summer of 2006, YouTube was the fastest growing website on the web. After its booming success and steady growth in 2006, YouTube caught the eye of Google, which foresaw what YouTube could eventually become. Google took the opportunity to acquire YouTube for $1.65 billion, sending YouTube skyrocketing further into the spotlight.
Since then, Google has renovated the way we think about YouTube. It not only became a way for teenagers to upload funny videos, but also a powerful marketing tool that huge corporations were eager to take advantage of. Companies such as GoPro and Red Bull have used YouTube as an advertising platform to expand their businesses and revenues.
Google had the money and the influence to bring broadcasting companies from around the world to air their shows of YouTube. This allowed YouTube to reach out to all audiences and ages, ultimately increasing its revenue. Companies around the world have started to capitalize on YouTube’s ability to reach such a large audience.
As time passes, YouTube has begun to spread all over the world; the website has more than one billion users around the globe.
The YouTube that we see today is the product of Silicon Valley technology and ingenuity. With Google as a driving force behind it, it seems that YouTube will continue to grow. YouTube has continued to make headlines since 2005 and has continually been improving their website’s design and user friendliness.
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