The Social Networking phenomenum on the web continues.
YouTube allows anyone to post or watch videos on the net for free. Google is buying video-sharing website YouTube for $1.65bn (£883m). YouTube, launched in February 2005 has 100 million videos viewed every day and an estimated 20 million individual visitors each month.
"The YouTube team has built an exciting and powerful media platform that complements Google's mission to organize the world's information and make it universally accessible and useful," said Google chief executive Eric Schmidt.
"Our community has played a vital role in changing the way that people consume media, creating a new clip culture," said Mr Hurley (co founder of YouTube).
BBC Video - wacky videos and subversive content; follows NewsCorp buying www.myspace.com
About YouTube
Founded in February 2005, YouTube is a consumer media company for people to watch and share original videos worldwide through a Web experience.
Everyone can watch videos on YouTube—both on YouTube.com and across the Internet. People can see first-hand accounts of current events, find videos about their hobbies and interests, and discover the quirky and unusual. As more people capture special moments on video, YouTube is empowering them to become the broadcasters of tomorrow.
What is YouTube?
YouTube is a place for people to engage in new ways with video by sharing, commenting on, and viewing videos. YouTube originally started as a personal video sharing service, and has grown into an entertainment destination with people watching more than 70 million videos on the site daily.
With YouTube, people can:
- Upload, tag and share videos worldwide
- Browse millions of original videos uploaded by community members
- Find, join and create video groups to connect with people who have similar interests
- Make videos public or private—users can elect to broadcast their videos publicly or share them privately with friends and family upon upload
