Rodyn Rostam / Staff Reporter
By November 2006 Google had officially purchased YouTube for 1.65 Billion dollars.
YouTube’s own revenue climbed quickly after the purchase. It hit $800 million in revenue in 2010 and rose to $19.8 billion in revenue by 2020, representing about 10% of the company that owns Google Alphabet which had a total revenue of $182 billion for that year.
The first YouTube video uploaded was from Karim at the San Francisco Zoo.
In 2005, Google spent $130.5 million dollars buying a total of 15 small companies.
With control over YouTube, Google will grow a lot quicker.
And that is because YouTube is a very popular Video-Sharing site, used by many people, more and more and even more are signing up to start a YouTube channel.
“I’m confident that with this partnership we’ll have the flexibility and resources needed to pursue our goal of building the next-generation platform for serving media worldwide,” said Hurley, YouTube’s 29-year-old CEO.
People love sharing videos on YouTube.
There are many different things to upload on YouTube for the best or for the worst.
The most common videos uploaded are short videos.
While most videos posted on YouTube are homemade, the site also features volumes of copyrighted material — a problem that has caused some critics to predict the startup eventually would be sued into oblivion.
YouTube has grown a lot but in 2021, an app called Tiktok has surpassed YouTube’s daily watch time.
Now with this purchase Google has more control over the internet and people’s interests, what they watch and what they post. This can become a big issue as companies become bigger and more powerful
Google Bought YouTube