When Was YouTube Acquired by Google?
In October 2006, Google acquired YouTube for $1.65 billion in stock. At the time, YouTube was just two years old and had been rapidly growing in popularity.
- The acquisition was a strategic move by Google to expand its presence in the online video sharing space.
- YouTube's founders, Chad Hurley, Steve Chen, and Jawed Karim, were retained as part of the deal.
Why Did Google Acquire YouTube?
Google acquired YouTube for several reasons:
- To expand its presence in the online video sharing space.
- To leverage YouTube's massive user base and engagement.
- To tap into the growing demand for online video content.