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or “How I got Google to pay me $1.65 Billion for something they were already doing.”
 
 
A Brief History…
•
YouTube
is a video sharing website on which users canupload and share videos.•Three former PayPal employees created YouTube inFebruary 2005 as a venture-funded technology startup,primarily from a US$11.5 million investment .•In November 2006,
 YouTube, LLC
was bought byGoogle Inc. for $1.65 billion, (or $1,650 million) and isnow operated as a subsidiary of Google.•Most of the content on
 YouTube
has been uploaded byindividuals, although media corporations including CBS,the BBC, UMG and other organizations offer some of their material via the site, as part of the YouTubepartnership program
http://en.wikipedia.org/wiki/YouTube
 
 
In short…
•
YouTube
uses Adobe Flash Videotechnology to display a wide variety of user-generated video content, includingmovie clips, TV clips, and music videos,as well as amateur content such as videoblogging and short original videos.
http://en.wikipedia.org/wiki/YouTube
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