Google buys YouTube
Google has recently purchased a majority (more than 50%) of YouTube for $1.65 billion. All 67 of YouTube’s employees kept their positions. Chad Hurley, co-founder of YouTube, says:
I’m confident that with this partnership we will have the flexibility and resources needed to pursue our goal of building the next-generation platform for serving media worldwide.
Founded
YouTube is created by Chad Hurley, Steve Chen, and Jawed Karim, who met as employees at Paypal:
When we registered the YouTube domain on February 14, 2005, we set out to create a place where anyone with a video camera and an Internet connection could share a story with the world.