The youtube.com domain was registered on February 14, 2005. This is the date that YouTube recognizes as its official birthday, but there was no video on YouTube that time. And the 1st video uploaded on April 23rd, 2005. The three got to work, coding the site in the early months of 2005 and were ready for the fist video exactly five years ago. The unimpressive beginning was not telling for the path the site would take as it skyrocketed to worldwide fame. The site went live in May 2005 in private beta and was officially launched in November the same year. By July next year, it had already featured 65,000 videos and the buzz surrounding it was enormous.
Google acquisition with youtube was completed in November 2006, a year after the site was officially launched. The search giant paid $1.65 billion for the video site, a huge figure even by today’s standards. In fact, Google has since admitted that the site was overpriced. Significantly overpriced, Google reckons it paid $1 billion over YouTube’s real value at the time. The reason for it was simple, it wanted to be 100 percent sure that someone else didn’t final the deal.
YouTube is now one of the largest websites in the world. Now over 24 hours’ worth of video uploaded every minute. Still, it has been struggling to turn a profit and 2010 seems like the year YouTube finally starts making money for Google. Though Youtube is very popular and having a great collection of different types of quality and rare videos.
You can watch this 1st YouTube video here:
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