YouTube is a social media and online video-sharing platform with its headquarters in San Bruno, California, in the United States. Jawed Karim, Chad Hurley, and Steve Chen launched it on February 14, 2005. It is the second most popular website after Google Search and is owned by Google. More than 2.5 billion people use YouTube on a monthly basis, and they watch more than one billion hours of videos every day. Video content was being uploaded at a rate of more than 500 hours per minute as of May 2019.
About The YouTube Wiki
|Founder||Chad Hurley, Steve Chen, Jawed Karim|
|Founded||February 14, 2005|
|Head Office||901 Cherry Avenue, San Bruno, California, United States|
Ownership Of YouTube: Alphabet, Inc.
YouTube is now worth many times more than the $1.65 billion it was purchased by Google in 2006.YouTube’s advertising alone brought in over $28.85 billion in revenue in 2021.YouTube is one of the company’s fastest-growing segments and is owned by the majority of Alphabet shareholders because it is a part of Google (now known as Alphabet).
In 2006, Google purchased YouTube for almost $1.7 billion. It generates revenue from subscriptions and advertising. Google Ads’ YouTube advertising network will generate over $28 billion in revenue by 2021. Additionally, YouTube generates revenue through paid memberships and premium content.
With 2.7% and 3.1%, respectively, mutual funds BlackRock and The Vanguard Group are the most prominent institutional shareholders. Together, Larry Page and Sergey Brin control 51% of the vote. John Doerr, a venture capitalist and early Google investor, and CEO Sundar Pichai are the other shareholders. Eric Schmidt, the former CEO of Google, controls 4.2% of the vote.
About Alphabet, Inc:
An alphabet is mostly a group of businesses. Google is, of course, the largest of these. The businesses that are quite dissimilar to our primary internet products are instead housed within Alphabet in this more recent Google, which has been somewhat reduced in size.
Alphabet Inc. is a holding company that is a multinational technology conglomerate based in Mountain View, California. On October 2, 2015, it was formed as a result of Google’s restructuring and became the parent company of several former Google subsidiaries. Alphabet is one of the world’s most valuable businesses and the third-largest technology company by revenue. Along with Amazon, Apple, Meta, and Microsoft, it is one of the Big Five information technology companies in the United States.