Revenue and Usage Statistics (2023) - Business of Apps

was launched in 2005. It was founded by three PayPal employees: Chad Hurley, Steve Chen, and Jawed Karim, who ran the company from an office above a small restaurant in San Mateo. The first video uploaded to the platform was “Me at the zoo”, featuring Karim. By the years end, was hosting over two million videos per day on its website and was averaging over 20 million daily active users. It wouldn’t be long before Google scooped up , acquiring the startup for $1.65 billion in late 2006. What was considered at the time to be a huge reach for a startup which had shown no capability or interest in generating profit is now recognized as one of the smartest acquisitions of the

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