(PICS ARE DOWNLOADED FROM GOOGLE.COM)
YouTube was started Jawed Karim, Steve Chen, and Chad Hurley;
YouTube first launched in 2005, now become one of the most visited websites in
the history of the internet. As employees of PayPal, the three soon realized,
in 2004, that there wasn't one location where videos could be shared. Years
later, Karim explained that it was the Janet Jackson Super Bowl incident as
well as the tsunami in December that triggered the idea.
As a capital-funded start up, the idea for YouTube received an
$11.5 million investment from Sequoia Capital in 2005. In February, the domain
name was registered in the headquarters above a pizzeria in California. In
April, the first video uploaded by Karim named 'Me at the Zoo'. After a Beta
testing period, the site launched in December 2005.After extremely quick growth, Google acquired the company less
than a year later for around $1.65 billion. However, the site was still
relatively small compared to what we see today and it hadn't even reached the
UK and many other countries. In June 2007, the site eventually launched in the
UK as well as eight other countries. After more growth, HD videos were
introduced in December 2008 and there were more people now finding different
uses for the site.In 2009, big events occurred for YouTube including the full
launch of HD. In 2010, new types of ads were introduced and the site soon hit
three billion daily views mid-way through 2011. Since 2012, YouTube has gone
from strength to strength and now finds itself as a multi-billion dollar
company. In terms of the site itself, it has recently added live streaming,
around 5 billion videos are watched each day, over 1.3 billion people use the
site, and 300 hours of video are uploaded each and every minute. In the years
ahead, the support for YouTube is only going to get stronger and it has been
predicted that around half of all under-30s will not pay for a TV subscription
because of YouTube.
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