YouTube is largest, most popular online video sharing website. Three men, Steven Chen, Chad Hurley, and Jawed Karim founded YouTube on February of 2005. The company is based out of San Bruno California. YouTube’s slogan “Broadcast Yourself” explains exactly what the websites main function is. If registered for the site, users can upload, view, and share unlimited amounts of videos. The founders of the site were former employees of PayPal until their site caught attention. YouTube was created after Hurley and Chen had difficulty sharing videos from a dinner party they had at their apartment. The inspiration of YouTube was from people trying to find videos online of Janet Jackson’s performance at the 2004 Super Bowl. After the site was created it began to grow rapidly. By June of 2006 YouTube announced that more than 65,000 videos were being shared, and over 100 million videos were being viewed every day. YouTube is now the dominant provider of online video views, with a market share of 43%. An estimated 800 million new users register every month for the website. In October 2006, Google purchased YouTube for a whopping $1.65 billion dollars.
(http://en.wikipedia.org/wiki/YouTube)
The table/graph below shows the daily video views growth over the years
Year
Number of Daily Views
2005
8 Million
2006
100 Million
2007
500 Million
2008
750 Million
2009
More than 1 Billion
2010
Exceeds 2 Billion
2011
3 Billion
2012
3.5 Billion
2013
4 Billion
(http://joaogeraldes.wordpress.com/2010/09/09/2005-2010-youtube-facts-figures-history-statistics/)
(http://videonuze.com/editor/assets/YouTubeGraph1.jpg)
About one out of every two people using the Internet at any given time are using YouTube. YouTube revealed that there is over one billion active users sharing videos on YouTube every month. One year ago the monthly user rate was at 800 million, the site continues to grow. Considering YouTube is the number one growing site in the world, you could only imagine their revenue. In 2012, YouTube generated more then $3.6 Billion in gross revenue. There are no signs of YouTube slowing down either, they are expected to lead internet video sharing charts for many years to come.
(http://allthingsd.com/20120621/youtubes-gigantic-year-is-already-here-citi-says/)
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