YouTube
YouTube
Legal Name: YouTube
Headquarters Regions: San Bruno, California, USA
Founded Date: 14 February 2005
Founders: Jawed Karim, Steve Chen, Chad Hurley
Number of Employees: 10000+
Company Type: For-Profit
Area served: United States of America and world
Products of Company: online video-sharing platform
Net Worth in 2021: $20 Billion

YouTube is an extremely popular video-sharing platform across the globe. This platform has its origin in San Bruno, situated in California. The franchise was founded in 2005 by three former employers of PayPal, namely Chad Hurley, Jawed Karim and Steve Chen. In the very next year, Google bought it for US$1.65 billion. Henceforth, YouTube functions on Google subsidiaries.

The platform revolves around the idea where it lets its users upload videos concerned with music, movies, recordings, live streams, anything under the policy and limitations of YouTube. The viewers are given the features to like share, comment, report, subscribe etc. Additionally, with the assistance of Google Adsense, both the uploader and YouTube can earn advertising revenues.

Well, how well do you know about YouTube? If not much, we have compiled all you need to know about YouTube’s net worth in 2021, wiki and complete details. Well, if you’re all set, here is what we know about YouTube to date.

Inception

YouTube is a famous and well-cherished multinational online video sharing platform having its deep roots in America. It is established on the 14th of February in 2005 by Jawed Karim, Steve Chen and Chad Hurley, who were the former employees of PayPal.

It is the biggest entertaining platform that serves worldwide and is headquartered in San Bruno, California, Unites States. Its parent company is Google LLC, and its key people are Susan Wojcicki, who serves as the CEO, and Chad Hurley, who serves as the advisor. According to the Alexa Internet rankings, it is 2nd most visited application after Google. It allows the users to share, upload, comment, subscribe, rate and report on the available videos.

It is the biggest platform that entertains the audience 24*7, and it has the biggest stock of videos which includes every kind of videos like comedy, dancing, acting, cooking and many others. It never fails to entertain its viewers with its incredible services. Additionally, it is not limited to only one kind of genre.

Still, it helps every kind of video creator and uses this platform. Many people have developed themselves as better creator, and viewers also try to develop those skills by learning from the user’s videos. It also helps creators to earn a huge amount of money from this application.

Evolution

This video sharing application was established in the year 2005, and the inspiration for developing this application came from the 2004 Super Bowl when one of the founders wanted to watch the video clips of the event online. Still, unfortunately, it wasn’t available, and he was not able to watch it. Hence, they later decided to develop a video sharing website where any individual can upload any kind of video from any corner of the globe.

Earlier, the application initiated as a venture capital startup with a funding of around US$8 million by Artis Capital Management and US$11 million by Sequoia Capital. On the 23rd of April in the year 2005, the first video was uploaded on the website was entitled as ‘Me at the zoo’ by Jawed Karim (founder). Initially, the website does not have market recognition. Still, just after a few weeks, a show called “Saturday Night Live” was uploaded on YouTube, and it received around 5 million total views, which were huge.

Afterwards, YouTube developed rapidly and released an official statement in the month of July 2016 stating that around 65,000 new videos were uploaded on the website domain, and it is getting almost 100 million views on the uploaded videos each passing day.

The international video-sharing American platform has worked immensely hard in the following years and introduced many new innovative features on their site, helping users upload videos easily. The YouTube Franchise has some highly skilled, talented and innovative employees whose talent has made this website achieve milestones throughout the entire 16 years. It is the most popular and entertaining company that serves people all over the globe. It is one of the most successful video sharing platform of all time.

Awards & Achievements

Over the years, YouTube has expanded a lot. They have become the greatest video sharing site in the entire world. The most entertaining platform has almost 2 Billion active monthly users. It is the second most trafficked site after its parent company Goggle.

Over 1 Billion hours of videos are watched per day on this network. In 2018, it was considered the most familiar iOS app, as declared by Apple itself.

Net Worth & Earnings of YouTube in 2021

YouTube Net Worth
YouTube Net Worth

YouTube has an estimated net worth of $20 billion as of 2021. The platform allows its users to share videos across it and arrange ads on it, and this allows them to earn a huge amount of money. YouTube made its first advertising partnership with NBC in the year 2006. Other media channels such as MGM, BBC, CBS, etc., struck deals with them.

The Partner Program in 2007 has aided the creators on the platform to accumulate advertising revenues. It is said the site collects around 45 percent and lets creators enjoy 55 percent of it. In 2019, Ryan Kaji, an 8-year kid, became the most earned YouTube creator, where he made $29 Million in 2019 itself. The most subscribed channel in T-Series. It holds over 120 million subscribers all over the world.

Interesting Facts You Need To Know

  • YouTube was originally a “Dating Website,” which was later turned into a video streaming platform by the creators.
  • YouTube was created by the then employees of another big start-up of those days, PayPal.
  • The first-ever YouTube video was uploaded by one of their founders named Jawed Karim, and the title of the video was “Me at the zoo.”

YouTube has become the biggest video-sharing/streaming platform. The app has evolved over the years in a beautiful way. Its business tactics, unique ideas have helped them to snowball their wealth. The platform has allowed so many people to showcase their talent on screen. It has let so many people to fulfill their dreams and earn name and fame. It has helped a huge cluster of people to earn revenues and get their monetary requirements. At the same time, it of the most entertaining platform which never fails to entertain its users.

LEAVE A REPLY

Please enter your comment!
Please enter your name here