YouTube has become such a fixture that I find my familiarity with it has me forget how remarkable it is.
Users upload more than 24 hours of video every second. They must have one hell of a server farm to hold it all.
Initially, videos were only available at a resolution of 320×240. Over time, the site increased the maximum resolution and added support for the 16×9 aspect ratio. Today, even 4k videos (4096×3072) are supported.
Steve Chen, Chad Hurley, and Jawed Karim formed YouTube in February 2005. They met each other while they worked together at PayPal. Just 22 months after it was founded, in November 2006, Google bought YouTube for $1.65 billion.
The founders certain had no guarantee YouTube would be a success, much less the de facto Internet video site, but they’ve certainly been rewarded for their entrepreneurial spirit and hard work. They each earned the equivalent of $859,375 per day, from the time they founded the company until Google bought it. Not a bad take!