YouTube History and Growth
– Founded by Steve Chen, Chad Hurley, and Jawed Karim
– Inspired by difficulty sharing videos and the Super Bowl halftime show controversy
– Originally intended as a video version of an online dating service
– Raised funding from investors, including Sequoia Capital and Artis Capital Management
– First video titled ‘Me at the zoo’ uploaded on April 23, 2005
– Officially launched on December 15, 2005
– Received 8 million views per day at the time of launch
– Clips were initially limited to 100 megabytes
– Competed with Vimeo, another video-sharing site
– Popularized by the viral video ‘Lazy Sunday’ from Saturday Night Live
YouTube Acquisition by Google and Business Model Expansion
– Acquired by Google for $1.65 billion in Google stock
– Deal finalized on November 13, 2006
– Led to increased interest in video-sharing sites
– YouTube issued the slogan ‘Broadcast Yourself’
– Experienced rapid growth and consumed significant bandwidth
– Expanded business model to include paid content and YouTube Premium
– Approved creators to participate in Google’s AdSense program
– Annual advertising revenue increased to $28.8 billion in 2021
– Generated revenue from advertisements and exclusive content
– Established media corporations created corporate YouTube channels
YouTube Impact and Controversies
– Second most visited website in the world
– Over 2.5 billion monthly users and one billion hours of videos watched daily
– Criticized for facilitating misinformation and copyright infringement
– Criticized for privacy violations and inconsistent platform guidelines
– Influenced popular culture and created multimillionaire celebrities
YouTube Growth and Changes (2011-2013) and Organizational Changes (2006-2010)
– Over three billion videos were watched daily in 2011
– 48 hours of new videos were uploaded every minute
– 30% of videos accounted for 99% of views on the site
– The interface and logo underwent changes in 2011
– A unified interface was rolled out in 2013
– YouTube moved to a new office in San Bruno, California in 2006
– Chad Hurley stepped down as CEO in 2010
– Salar Kamangar became the head of the company in 2010
– YouTube partnered with Vevo in December 2009
– Lady Gaga’s ‘Bad Romance’ reached 200 million views in May 2010
Recent History (2019-present) and Disputes and Controversies (2018-2023)
– One billion hours of YouTube videos were watched daily in February 2017
– Uploads increased to over 500 hours per minute
– YouTube usage significantly increased during the COVID-19 pandemic
– YouTube reduced streaming quality to comply with EU requests
– YouTube was fined $170 million for violating COPPA
– YouTube had a dispute with Amazon Fire products in 2018 and 2019
– Roku removed the YouTube TV app in 2020
– Dislike counts were removed in 2021
– YouTube faced public outrage over unskippable ads in 2022
– Susan Wojcicki announced her departure as CEO in 2023 Source URL:https://en.wikipedia.org/wiki/YouTube_video_(identifier)
