YouTube may well be one of the best business decisions Google has ever made. The video sharing site actually was created by a trio of PayPal workers in 2005. In late 2006, Google picked it up for a mere $1.65 billion. That's maybe not quite as much money by today's standards, but at the time it was a huge deal. But it paid off.
Consider: According to Google, more than 1 billion unique visitors use YouTube every month. Some 100 hours of video are uploaded to Youtube every minute of the day. It pumps out hundreds of millions of dollars in revenue for its partners. And YouTube means anyone can become a publisher. Anyone can share their world in video, almost instantaneously. You can upload directly from a phone, if you'd like. And with the advent of Google+ and Google Hangouts, you can now use the power of YouTube to communicate your message live, in real-time. It's a free, portable broadcasting studio. It's used by dignitaries. Mothers. Fathers. Families. Students. And more than 6 billion hours of video are watched on YouTube each month.
Not bad for a decade's worth of work, eh?
And, yes. YouTube is home to many a cat video. Because what's the Internet without cats?
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