YouTube Turns 5; Hits 2 Billion Viewers

youtubeThe very popular video sharing website YouTube is celebrating its fifth year this month and has another reason to celebrate as it have two billion hits on almost daily basis.

YouTube was created by three former PayPal employees in February 2005. In November 2006, Google bought the company for 1.65 billion dollars and has been operating as a subsidiary for it since then. The first beta version of YouTube was released this day five years ago.

The 2 billion views of the site, which sports the slogan “Broadcast Yourself”, is more than the combined total number of viewers of the US major television networks.

“Two billion video streams is a large number but on average people are only spending 15 minutes a day on the site compared to five hours a day watching TV,” said co-founder Chad Hurley. “We wanted to create a level playing field that gave everyone that ability to be seen and heard.”