History of YouTube in precise way: Looking Back[ EDU Science]

 YouTube: Looking Back

Yes, today we are going to look back at the history of "YOUUTUBEE".

YouTube is an American online video-sharing platform headquartered in San Bruno, California. Three former PayPal employees-Chad Hurley, Steve Chen, and Jawed Karim—created the service in February 2005

As of February 2017, there were more than 400 hours of content uploaded to YouTube each minute and one billion hours of content being watched on YouTube every day. As of October 2020, YouTube is the second-most popular website in the world, behind Google

Founding (2005)

YouTube was founded by Chad Hurley, Steve Chen, and Jawed Karim, when they worked for PayPal.

YouTube's initial headquarters was above a pizzeria and Japanese restaurant in San Mateo, California.

Domain

 

The domain name "YouTube.com" was activated on February 14, 2005, with video upload options being integrated on April 23, 2005 after being named "Tune In, Hook Up" the original idea of Chad Hurley, Steve Chen, and Jawed Karim. The concept was an online dating service that ultimately failed but had an exceptional video and uploading platform.

After opening on a beta service in May 2005 YouTube.com was trafficking around 30,000 viewers a day in just months of time. After launching six months later they would be hosting well over two million viewers a day on the website. By March 2006 the site had more than 25 million videos uploaded and was generating around 20,000 uploads a day.

 

Purchase by Google (2006)

On October 9, 2006, it was announced that the company would be purchased by Google for US$1.65 billion in stock, which was completed on November 13. At that time it was Google's second-largest acquisition. This kick-started YouTube's rise to becoming a global media dominator, creating a multi-billion-dollar business that has surpassed most television stations and other media markets, sparking success for many YouTubers

Viral videos were the main factor for YouTube's growth in the beginning of its early days with Google, for example, Evolution of Dance, Charlie Bit My Finger, and David after the Dentist, and more viral videos.

 

 

An algorithm change was made in 2012 that replaced the view-based system for a watch time-based one that is credited for causing a surge in the popularity of gaming channels.

Creators

In the early days of YouTube, there was no way to monetize videos on the platform. Much of the site's content was homemade and produced by hobbyists with no plans for making money on the site. The first targeted advertising on the site came in the form of participatory video ads, which were videos in their own right that offered users the opportunity to view exclusive content by clicking on the ad. The first such ad was for the Fox show Prison Break and solely appeared above videos on Paris Hilton's channel.

On April 3, 2018, a shooting took place at YouTube headquarters.

 

However, YouTube began running in-video ads in August 2007, with preroll ads introduced in 2008. In December 2007, YouTube launched the Partner Program, which allows channels that meet certain metrics (currently 1000 subscribers and 4000 public watch hours in the past year) to run ads on their videos and earn money doing so. The ability to monetize their content eventually allowed many creators to turn what had been a hobby into a full-time career.

 

In November 2019, YouTube has announced that the service would phase out the classic version of YouTube Studio to all YouTube creators by the spring of 2020. It was available and accessible to some YouTube creators by the end of March 2020.