Youtubeis a video sharing site started in 2005. Youtubewasfounded by three ex-Paypalemployees; Chad Hurley, Steve Chen, and Jawed Karim The idea for the site was dreamt up when the three were having trouble sending videos to each other.
History February 2005 Founders register domain name. December 2005 Official launch October 2006 Google acquisition of Youtube for 1.65 billion.
History (cont.) May 2007 first known instance of a Rick Roll August 2007 Ads were added to the site. January 2008 10 hours of video uploaded every minute
The Future/Current Video Rental Youtube will add the feature of video rental, pricing anywhere from $0.99 to $19.99 depending on how long the rental. Partners Youtube partnered with Universal, Warner Brothers, and Sony Pictures.