Youtube was created on a day like today in 2005 and The Grandma wants to pay homage to this web talking about it and its history.
YouTube is an American online video-sharing platform headquartered in San Bruno, California.
The service, created in February 2005 by three former PayPal employees -Chad Hurley, Steve Chen, and Jawed Karim- was bought by Google in November 2006 for US$1.65 billion and now operates as one of the company's subsidiaries. YouTube is the second most-visited website after Google Search, according to Alexa Internet rankings.
YouTube allows users to upload, view, rate, share, add to playlists, report, comment on videos, and subscribe to other users. Available content includes video clips, TV show clips, music videos, short and documentary films, audio recordings, film trailers, live streams, video blogging, short original videos, and educational videos.
Most content is generated and uploaded by individuals, but media corporations including CBS, the BBC, Vevo, and Hulu offer some of their material via YouTube as part of the YouTube partnership program. Unregistered users can watch, but not upload, videos on the site, while registered users can upload an unlimited number of videos and add comments. Age-restricted videos are available only to registered users affirming themselves to be at least 18 years old.
More information: Youtube
As of May 2019, there were more than 500 hours of content uploaded to YouTube each minute and one billion hours of content being watched on YouTube every day.
YouTube and selected creators earn advertising revenue from Google AdSense, a program that targets ads according to site content and audience. The vast majority of videos are free to view, but there are exceptions, including subscription-based premium channels, film rentals, as well as YouTube Music and YouTube Premium, subscription services respectively offering premium and ad-free music streaming, and ad-free access to all content, including exclusive content commissioned from notable personalities. Based on reported quarterly advertising revenue, YouTube is estimated to have US$15 billion in annual revenues.
YouTube has faced criticism over aspects of its operations, including its handling of copyrighted content contained within uploaded videos, its recommendation algorithms perpetuating videos that promote conspiracy theories and falsehoods, hosting videos ostensibly targeting children but containing violent or sexually suggestive content involving popular characters, videos of minors attracting paedophilic activities in their comment sections, and fluctuating policies on the types of content that is eligible to be monetized with advertising.
YouTube was founded by Steve Chen, Chad Hurley, and Jawed Karim, who were all early employees of PayPal. Hurley had studied design at Indiana University of Pennsylvania, and Chen and Karim studied computer science together at the University of Illinois at Urbana–Champaign.
Karim said the inspiration for YouTube first came from Janet Jackson's role in the 2004 Super Bowl incident when her breast was exposed during her performance, and later from the 2004 Indian Ocean tsunami. Karim could not easily find video clips of either event online, which led to the idea of a video sharing site.
On October 9, 2006, Google announced that it had acquired YouTube for $1.65 billion in Google stock. The deal was finalized on November 13, 2006.
Google's acquisition launched new newfound interest in video-sharing sites; IAC, which now owned Vimeo after acquiring CollegeHumor, used its asset to develop a competing site to YouTube, focusing on supporting the content creator to distinguish itself from YouTube.
In May 2013, YouTube launched a pilot program for content providers to offer premium, subscription-based channels within the platform.
In February 2014, Susan Wojcicki was appointed CEO of YouTube. In November 2014, YouTube announced a subscription service known as Music Key, which bundled ad-free streaming of music content on YouTube with the existing Google Play Music service.
During the COVID-19 pandemic, when most of the world was under stay-at-home orders, usage of services such as YouTube grew greatly. In response to EU officials requesting that such services reduce bandwidth as to make sure medical entities had sufficient bandwidth to share information, YouTube along with Netflix stated they would reduce streaming quality for at least thirty days as to cut bandwidth use of their services by 25% to comply with the EU's request.
YouTube later announced that they will continue with this move worldwide, We continue to work closely with governments and network operators around the globe to do our part to minimize stress on the system during this unprecedented situation.
More information: Business Insider
sharing things for free,
which is a nice exchange between people.
Bo Burnham
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