YouTube is the world's largest video-sharing platform that allows users to upload, view, and share videos. The platform has become an integral part of our daily lives, with billions of videos being watched every day. However, many people are still unaware of the person or organization behind YouTube. In this blog, we'll discuss who owns YouTube and how the platform came into existence.
YouTube was founded in February 2005 by three former PayPal employees- Chad Hurley, Steve Chen, and Jawed Karim. The trio created the website to share videos with their friends, but soon realized the potential of their creation. They decided to open the website to the public, and within a few months, YouTube had become a viral sensation, with millions of users uploading and sharing videos.
In November 2006, Google acquired YouTube for $1.65 billion in stock, making it one of the biggest acquisitions in tech history. The acquisition allowed Google to expand its presence in the online video market and offer its users access to a vast library of videos.
Today, YouTube is owned by Google's parent company, Alphabet Inc., which is one of the largest and most valuable companies in the world. Alphabet Inc. was created in 2015 as a restructuring of Google's various subsidiaries, including YouTube. The restructuring allowed Google to separate its core internet-related businesses from its other ventures, such as self-driving cars and life sciences.
Susan Wojcicki, a former senior vice president at Google, has been the CEO of YouTube since February 2014. Under her leadership, YouTube has grown to become the second most visited website in the world, with over 2 billion monthly active users. Wojcicki has also overseen several significant changes to the platform, such as the introduction of YouTube Premium, YouTube Music, and YouTube TV.
In conclusion, YouTube was founded by Chad Hurley, Steve Chen, and Jawed Karim in 2005, and it is currently owned by Alphabet Inc., Google's parent company. Susan Wojcicki is the CEO of YouTube, and under her leadership, the platform has become a global phenomenon. YouTube has changed the way we consume and share video content and will continue to shape the future of online video.
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