"YouTube has also grown into an alternative to cable, serving as a major broadcast partner of the NFL. It has also gotten into both short-form video to compete with social media companies and live event streaming. Last year, Business of Apps reported that the social media platform generated $36.1 billion in revenue, a 15% year-over-year increase, with the majority of this revenue coming from advertising. It made $14.5 billion from subscriptions."
"Started in California in 2005 by former PayPal employees Chad Hurley, Steve Chen, and Jawed Karim. Originally intended to be a dating portal based on video profiles, YouTube's first slogan was "Tune in, hook up," noted Vice.com. The first official video on YouTube was published on April 23, 2005. "Me at the zoo" featured a young Karim visiting the San Diego Zoo about a decade prior. Google acquired YouTube in November 2006 for $1.65 billion, reported NBC News."
YouTube evolved from an independent video repository into a multi-billion-dollar platform spanning music videos, professional content, short-form video, and live event streaming. The site was founded in California in 2005 by former PayPal employees Chad Hurley, Steve Chen, and Jawed Karim and was acquired by Google in November 2006 for $1.65 billion. The platform generated $36.1 billion in revenue with substantial advertising and subscription income. Shorts reached over 70 billion daily views in 2024, expanding ad opportunities. AI-generated low-quality “slop” videos now account for roughly one in five Shorts, prompting concerns about instructional quality despite limited overall prevalence.
Read at TheStreet
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