How YouTube became an internet video giant


With more than 500 hours of video uploaded every minute and more than one billion hours watched every day, Google’s YouTube is the world’s second-largest search engine. And its meteoric growth hasn’t subsided. More than two billion users visit the site every month.

For Google’s parent company Alphabet, it represents a significant portion of its business. In 2019, YouTube generated $15 billion in revenue. It’s likely to surpass that this year with $12.89 billion in revenue so far, up about 24% from the same time last year.

While YouTube has dominated internet video and remains one of the top used streaming apps on mobile, it faces increasing competition. Steaming services like Netflix and Disney+, and social media apps like TikTok, are all vying for people’s attention.

CNBC takes a look at how the video platform has changed over the past 15 years and if it can stay on top. 

Products You May Like

Articles You May Like

Xiaomi Pad 5 Pro 12.4, Watch S1 Pro, Buds 4 Pro TWS Earphones Launched: All Details
Researchers Warn of Ongoing Mass Exploitation of Zimbra RCE Vulnerability
iPhone 14 Pro Models Said to Offer 128GB Storage, Same as iPhone 13 Series
Facebook Testing Default End-to-End Encryption and Encrypted Backups in Messenger
Scientists Aim to Peer Into Oldest of Star-Forming Galaxies in New Project

Leave a Reply

Your email address will not be published.