Everyone is familiar with YouTube today, which has become such a video platform that whenever a user wants to watch a video on the Internet, he directly prefers to visit YouTube's website or app. This is such a platform on which millions of videos are available to watch, and where the user gets every kind of video that he wants to watch. But if we try to know about YouTube in detail, then the first question that comes to mind is who created YouTube? So let's try to know about a quick history of Youtube, such as its creation and ownership".
Youtube was launched as a dating site on Valentine's Day in 2005, but their strategy regarding the dating site did not work at all. As a result, youtube founders changed their strategy and launched youtube as a video-sharing platform. And this time, the strategy worked out and people started liking youtube a lot. But after a year of YouTube's popularity, it was bought by Google in 2006, for US$1.65 billion, resulting in youtube beginning to grow more rapidly. Now YouTube has become such a social media platform that has the most engaged audience.
In today's time, internet access has become very cheap for everyone, due to which people have increased curiosity towards the internet, and being internet users they are spending enough time online. As a result, they show very little interest in any kind of offline things like television, magazine, or book because they love to access everything related to it through the internet.
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But when it comes to YouTube, the name of the YouTube channel comes first, because whatever content you watch on television, the same content is also uploaded on the YouTube channel. Therefore, today users are switching to YouTube leaving television behind. Hence, instead of advertising on television for the promotion of their brands or products, many big companies are giving more and more advertisements on YouTube and increasing their business.
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But the biggest benefit of this is to the publisher because when the publisher uploads the video on his YouTube channel, YouTube puts ads on his video, which helps him to earn money from his YouTube channel. Because YouTube pays the content creator according to the views of the ads that run on his videos. If seen, the biggest way of earning money from YouTube channels is through advertisement and sponsorship. But running ads on videos is not the only way to earning, there are some other ways too, like promoting a company ethically, giving reviews of a company's product, etc.
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Today there are approximately 122 million daily users on YouTube and every minute more than 500 hours of video are uploaded on it. Even, more than 5 billion videos are viewed on youtube every day and YouTubers upload about 720,000 hours of fresh video content per day. YouTube founders Chad Hurley, Steve Chen, and Jawed Karim sold YouTube for only 1.65 billion dollars, but today YouTube's valuation is $300 billion. YouTube has given Google a return on investment of almost 18000 percent and every year Google generates $30 billion in revenue through youtube ads.
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