Who are the owners of Google and YouTube? We’ve collected intriguing information for you. The founders of the website are former students who have now become some of the most skilled and well-compensated programmers globally: Steve Chen, Chad Hurley, and Jawed Karim.
Addressing the question of ‘who owns YouTube?’ – it’s essential to note that the project has multiple owners. The platform was established by former students, who have evolved into some of the world’s most skilled and highly compensated programmers, namely Steve Chen, Chad Hurley, and Jawed Karim.
The YouTube Video Portal was introduced in February 2005 and now registers approximately one hundred million video views daily. According to Comscore World Metrix, YouTube had an audience of 72 million users in August.
In 2008, Steve stepped down from his role as Director of Technology, leaving Chad Hurley as the sole co-founder still actively involved with the platform, which was now part of Google. However, this situation changed in October 2010 when Chad also announced his departure, although he continued to fulfill a consulting role, which he had been performing for the previous few years. The position of Chief Executive Officer was assumed by Salar Kamangar, Google’s Vice President of Internet Product Management, who had been overseeing YouTube since 2008.
YouTube operates as a subsidiary of Google, and it stands as the world’s largest video hosting platform. Approximately 1.1 billion users engage with its content on a monthly basis. Presently, the project generates an annual revenue of 3.4 billion dollars.
The acquisition of YouTube by Google was announced by the renowned search engine company. The transaction involved both firms exchanging shares valued at 1.65 billion dollars. After the deal was finalized in 2006, YouTube retained its brand identity, strengthening and complementing Google’s video services, and, in return, Google incorporated its advertisements on YouTube. Google did not disclose specific operating expenses for YouTube. In June 2008, Forbes magazine reported revenue of 200 million dollars, acknowledging advancements in advertising sales, and this information was also confirmed in an official press release by Google. Therefore, it is clear that Google still maintains ownership of YouTube. Subsequently, revenue has continued to grow as the viewer audience expands daily.
Larry Page and Sergey Brin established the enterprise, initially incorporating it as a private entity on January 4, 1996. Subsequently, on August 19, 2004, the company initiated the trading of its shares on the stock market. In an agreement, Larry Page, Sergey Brin, and Eric Schmidt committed to collaborating within the Google enterprise for a span of two decades, extending until the year 2024.
Since its inception, the company has been dedicated to its mission of “organizing the world’s information, making it universally accessible and useful.” In addition to this official mission, the company adopted an informal slogan, coined by Google engineer Paul Buchheit: “Don’t be evil!”
Larry Page is a developer and co-founder, along with Sergey Brin, of the Google search engine. On April 4, 2011, he resumed the role of Google’s chief executive, taking over from Eric Schmidt after having previously held this position before resigning in August 2001. In July 2015, he announced his second resignation, intending to become the CEO of Alphabet, a company overseeing the reorganization of Google’s assets. Under Page’s leadership, Alphabet aims to achieve significant success in various industries. As of March 2017, Page ranks 12th on the list of the world’s wealthiest individuals, with a fortune totaling $40.7 billion.
Larry Page, credited with inventing PageRank, Google’s renowned link-ranking algorithm, was honored with the Marconi Award in 2004.
Sergey Brin, on the other hand, is an American entrepreneur and a scientist specializing in computing, information technology, and economics. He is a billionaire, ranking 13th among the wealthiest individuals globally, and is a developer and co-founder of the Google search engine.
In 2018, Forbes magazine reported that Sergey Brin held the 13th position among the world’s richest individuals with a wealth of $47.5 billion. Sergey Brin is renowned for his role as the founder and president of Google INC, where he played a key role in developing the Google search engine and online advertising technology.