YouTube operates a website that lets visitors upload their own videos for an audience of millions of people worldwide. Most videos on the site are short clips from 15 seconds to five minutes in length. Videos on YouTube receive over four billion views per day.
Users can registers with the site and upload their videos in a variety of formats. YouTube converts all videos to flash format for viewing. Users can rate videos from 1 to 5 stars and also add comments. YouTube allows anyone to copy code and syndicate individual video clips on other websites, which has become an easy way to promote the site and boost traffic.
Google acquired YouTube in October 2006 in an all-stock deal worth over $1.65 billion. YouTube is an independently-operated subsidiary of Google.
The company earns money almost entirely from advertising and through partnerships with content companies.
YouTube offers a special app for iPhone, Android and mobile users.
Salar Kamangar took over as CEO of YouTube in November 2010.
Chad Hurley, Steve Chen, and Jawed Karim founded YouTube, Inc. on February 14, 2005. Jawed Karim left the company to pursue an advanced degree at Stanford.
YouTube received funding of $3.5 million from Sequoia Capital in November 2005 and the service was officially launched in December 2005. Chad Hurley and Steve Chen proceeded to become the first members of the YouTube management team and currently serve as Chief Executive Officer and Chief Technology Officer respectively. Sequoia invested another $8 million in April 2006.
The popularity of YouTube earned CEO Hurley an invite to the Sun Valley media conference held this past summer in Sun Valley, ID. The conference features the most powerful executives in the media business and is organized by investment bank Allen & Co.
YouTube offers benefits including competitive salary, full medical/dental coverage, stock options and free snacks.
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