YouTube’s founding date was February 15, 2005. Its founders were Steve Chen, Chad Hurley, and Jawed Karim, three early employees of PayPal. It was their next project after Ebay purchased Paypal and left the three with a windfall. On October 9, 2006, YouTube was purchased by Google for $1.65 billion. The name is a reference to the cathode ray tube that was the main component in televisions until the early 2010s. A common nickname for TV during the CRT era was “The Tube.”
YouTube was not the first video-sharing site on the Internet. Vimeo launched in November 2004, though that site remained a side project of its developers from CollegeHumor so it never attained Youtube’s success.
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