Youtube founder Jawed Karim uploaded the first video called “Me at the zoo” on Youtube on April 23, 2005. At present, the site has a billion active users and 300 hours worth of video is uploaded every minute. Youtube was acquired by Google in an all stock $1.65B deal late in 2006.
Still at number 1 position for most watched videos is Gangnam Style by Korean rapper Psy. It was the first video to hit the 1 billion and 2 billion marks. It is currently at 2,312,707,145 views while this article is being written.
Youtube is one of the superstar startup success stories in the last decade. Amid copyright concerns, Youtube was able to successfully work with stakeholders in the media industry.
At present, the video sharing service has made been instrumental in launching careers of many stars like Charice Pempengco and Ariel Pineda. Youtube is also enabling ordinary people to do business by producing video content and earning from the advertising service.
