Who owns Google company and YouTube? We have gathered all the interesting information for you. The creators of the site are "yesterday's students", and today some of the most talented and highly paid programmers in the world: Steve Chen, Chad Hurley, and Jawed Karim.
YouTube Ownership Explained
When we dive into the question of ‘who owns YouTube?’, it's essential to note that the project has multiple key figures behind it. The founders of this incredible platform include some of the most talented programmers today, namely Steve Chen, Chad Hurley, and Jawed Karim, who were once just students with a vision.
Launched in February 2005, YouTube quickly became the go-to video platform, with about a hundred million video files viewed daily. Reports from Comscore World Metrix indicate that in August alone, YouTube attracted an audience of 72 million users. This rapid growth showcases the platform's ability to connect with people worldwide.
Evolution of YouTube's Leadership
In 2008, Steve Chen left his role as the director of technology, making Chad Hurley the primary founder still involved in YouTube's operations within Google. However, this scenario changed once again in October 2010, when Chad announced his departure during the Dublin Technology Conference. Despite stepping away from his daily responsibilities, he continued serving as a consultant, leveraging his extensive experience in guiding the platform's growth.
The executive director role transitioned to Salar Kamangar, who was already Google’s vice president of Internet product management, overseeing YouTube since 2008. This leadership change marked a significant moment in YouTube's evolution, as it continued to scale in both audience and revenue.
YouTube as a Google Subsidiary
YouTube is now a subsidiary of Google, which stands as the largest video hosting service in the world. With approximately 1.1 billion users accessing content monthly, YouTube generates around $3.4 billion in annual revenue. Google's acquisition of YouTube took place in 2006, with both companies exchanging shares worth $1.65 billion.
Post-acquisition, YouTube maintained its trademark and complemented Google's existing video services. As part of the deal, Google began placing ads on YouTube to drive revenue. Notably, in June 2008, Forbes reported that YouTube had generated $200 million in revenue, highlighting the platform's success in ad sales.
Revenue Growth and Viewer Engagement
Since the acquisition, YouTube's revenue has consistently increased, thanks to a growing audience of viewers engaging with the platform every day. This rise demonstrates the platform's importance in the digital landscape and its ability to adapt and thrive in an ever-evolving market.
The Founders of Google
Now, let’s shift our focus to Google itself, which was founded by Larry Page and Sergey Brin. The company was first registered as a private entity on January 4, 1996, and began selling its shares on August 19, 2004. Larry Page, Sergey Brin, and Eric Schmidt agreed to work together in Google for a span of twenty years, aiming for innovation and progress in the tech world.
From its inception, Google’s mission has revolved around "organizing world information and making it universally accessible and useful." An unofficial slogan coined by Google engineer Paul Bactey, "Do not be evil," has become synonymous with the company's ethos.
Key Figures Behind Google's Success
Lawrence Edward (Larry) Page, a co-founder of Google, has played a pivotal role in the company’s development. After serving as CEO, he returned to the position in 2011, succeeding Eric Schmidt. In July 2015, he transitioned to CEO of Alphabet, reorganizing Google’s assets under this new umbrella company.
As of March 2017, Page ranked as the 12th richest person globally, with a net worth of $40.7 billion. He is also recognized for creating PageRank, Google’s famous link-ranking algorithm, which earned him the prestigious Marconi Award in 2004.
Sergey Brin's Contributions
Sergey Brin, another co-founder, is a prominent figure in the fields of computing and technology. As of 2018, he was listed by Forbes as the 13th richest person in the world, with a fortune of $47.5 billion. Brin has been instrumental in developing the Google search engine and online advertising technologies.
Known for his innovative spirit, Brin has significantly influenced the trajectory of Google and the technology landscape. His journey, alongside Page, highlights the remarkable achievements these entrepreneurs have made in the digital world.
Source: Legit.ng
