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YouTube, founded in February of 2005, has grown to became a website viewed by billions of people every day.
In April of 2005 the first video was uploaded to YouTube. Soon this site would become a world-wide phenomenon. Since 2005 YouTube has been letting people “comment” or “like” other people's videos. Some people who have posted videos have become overnight sensations.

About a year after YouTube was founded, Chad Hurley and Steve Chen decided to sell the company. In 2006, Google bought YouTube for US$1.65 billion. "My only interest was in helping the company get off the ground, implementing it, and raising money," said Steve Chen. In 2007 YouTube launched in 9 different countries. Since Google bought the site, it’s become even more popular. Approximately 3 billion viewers access YouTube each day. The amount of video uploaded is unimaginable – approximately 48 hours of video is uploaded every minute of every day! This usage is expected to increase in the future.

 

Sources:

http://money.howstuffworks.com/youtube5.htm
http://www.reelseo.com/5-ways-small-businesses-advantage-youtube/

 

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