YouTube at 1 Billion Monthly Users to Replace Facebook as Largest Social Network
It is official YouTube is now the largest social network on the web. With 1 billion monthly users and growing it is clearly replacing Facebook soonest.
On a blog post, YouTube celebrates and is proud to announce that most of its users are now accessing the site via smart phones. It is clearly their top traffic booster.
With the popularity of the video site, it is giving the parent company Google effective business model to make profit out of, including advertisement, customization of channels and search model.
In 2005 a group of former Paypal employees launched the website as a means for them to post and share their videos.
During that time there have been a number of video sharing sites already but none has passed their quality satisfaction and ease of use.
The website took off and a year later was acquired by Google.
The price is 1.7 billion dollars. At that time, the site only has 40 million users.
"Nearly one out of every two people on the Internet visits YouTube," the company said in its statement.
"Tens of thousands of partners have created channels that have found and built businesses for passionate, engaged audiences. Advertisers have taken notice," it said, saying that the top 100 brands listed by trade magazine Advertising Age were now running campaigns on YouTube.