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With its headquarters in San Bruno, California, YouTube is an American social media and internet video sharing company. On February 14, 2005, Steve Chen, Chad Hurley, and Jawed Karim officially debuted it. After Google Search, it is the second most visited website and is owned by Google. More than 2.5 billion people use YouTube each month[7], and they watch more than one billion hours of video daily. [8] More than 500 hours of content were uploaded every minute of video as of May 2019.
YouTube was acquired by Google for $1.65 billion in October 2006, 18 months after the first video was uploaded and 10 months after the site's formal launch. When Google acquired YouTube, the site's business model changed from relying solely on advertising to also providing paid content like movies and other exclusive YouTube productions. Additionally, it provides YouTube Premium, a paid membership service that allows users to watch content without commercials. The Google AdSense programme, which aims to increase revenue for both sides, has also been approved by YouTube for creator participation. In 2020, YouTube recorded $19.8 billion in revenue. YouTube's yearly ad income grew to $28.8 billion in 2021.
Since being acquired by Google, YouTube has grown to include mobile apps, network television, and the ability to connect with other platforms in addition to its main website. Music videos, news, news clips, short films, feature films, documentaries, audio recordings, movie trailers, teasers, live streams, vlogs, and other types of videos are among the video genres on YouTube. The majority of content is created by one person, including partnerships between YouTubers and business sponsors. To reach a wider audience for advertising, well-known media companies like Disney, Paramount, and Warner Bros. Discovery have also established and expanded their respective corporate YouTube pages.
The YouTube logo was used from its debut till 2007. It was then removed again in 2010. Before 2011, a different version of this logo without the phrase "Broadcast Yourself" was in use.
