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Former PayPal employees Chad Hurley, Steve Chen and Jawed Karim created YouTube in 2005 and the site's conception story depends on which of the three founders you ask. Hurley and Chen say the idea sprang from how hard it was to share videos at a dinner party while Karim says he thought up the site when he couldn't easily find videos of Janet Jackson's 'wardrobe malfunction' during the 2004 Super Bowl as well as the Indian Ocean tsunami the same year.
Whatever the case, YouTube's domain name was registered on February 14, 2005 and it launched as a video dating platform supposedly influenced by Hot or Not.
With the slogan "Tune in, Hook up," the founders intended for users to upload videos introducing themselves. After five days without a single upload, they posted Craigslist ads in Las Vegas and Los Angeles requesting women to upload videos of themselves for $20. No one did.
It wasn't long before people began using the service to share videos of everything from their pets to their vacations and the developers began encouraged this by June 2005, revamping the site to make it a more general destination for video uploads. A year later in October 2006 the company was purchased by Google for $1.65 billion in stock. And the rest is history...
Facebook's second quarter revenue:--- Jon Erlichman (@JonErlichman) July 28, 2021
2021: $29.1 billion
2020: $18.7 billion
2019: $16.9 billion
2018: $13.2 billion
2017: $9.3 billion
2016: $6.4 billion
2015: $4.0 billion
2014: $2.9 billion
2013: $1.8 billion
2012: $1.2 billion
2011: $895 million
2010: $431 million