here is the wiki youtube page
check more on the wiki page, more detailed history there.
I just cut some of the main part here.
YouTube is a video-sharing website, created by three former PayPal employees in February 2005, on which users can upload, view and share videos.
In November 2006, YouTube, LLC was bought by Google Inc. for US$1.65 billion, and now operates as a subsidiary of Google.
YouTube was founded by Chad Hurley, Steve Chen, and Jawed Karim, who were all early employees of PayPal. Hurley had studied design at Indiana University of Pennsylvania, while Chen and Karim studied computer science together at the University of Illinois at Urbana-Champaign.
Company history Main article: History of YouTube From left to right: Chad Hurley, Steve Chen, and Jawed Karim YouTube was founded by Chad Hurley, Steve Chen, and Jawed Karim, who were all early employees of PayPal. Hurley had studied design at Indiana University of Pennsylvania, while Chen and Karim studied computer science together at the University of Illinois at Urbana-Champaign.
According to a story that has often been repeated in the media, Hurley and Chen developed the idea for YouTube during the early months of 2005, after they had experienced difficulty sharing videos that had been shot at a dinner party at Chen's apartment in San Francisco. Karim did not attend the party and denied that it had occurred, while Chen commented that the idea that YouTube was founded after a dinner party "was probably very strengthened by marketing ideas around creating a story that was very digestible".
YouTube began as a venture-funded technology startup, primarily from a $11.5 million investment by Sequoia Capital between November 2005 and April 2006. YouTube's early headquarters were situated above a pizzeria and Japanese restaurant in San Mateo, California. The domain name www.youtube.com was activated on February 14, 2005, and the website was developed over the subsequent months.
The first YouTube video was entitled Me at the zoo, and shows founder Jawed Karim at the San Diego Zoo. The video was uploaded on April 23, 2005, and can still be viewed on the site.
Charlie Bit My Finger, which was uploaded on May 22, 2007, is a viral video that has received the most views of any user generated YouTube video, with over 300 million views. The clip features two English brothers, with one-year-old Charlie biting the finger of his brother Harry, aged three. In Time's list of YouTube's 50 greatest viral videos of all time, "Charlie Bit My Finger" was ranked at number one.
I really think Chad Hurley, Steve Chen, and Jawed Karim are great to have such nice idea to share videos.
also, this is a free website, just within 2 or 3 years, it has been so popular, which also indicate this is just a website what people need. People love it very much, everyday, there must be many people watching videos on youtube.
Recently, there are usually some bugs on youtube. I don't know why, dont know whether this happended before, because I have just been here for more than one year.
But seems the bugs are not easy to fix, sometimes it take months.
Like the show the views wrong, even go down, and then when you feature a video or favorite a video, it show from the channel operator, giving people the wrong feeling that this channel made this video.
And just about 2 days ago, I found the videos mistook as "42 years ago" in the video list on the channel, but this seems has been quickly solved within 2 or 3 days.
Well now, the video in the featured place show the upload date wrong, but still ok on the video page, not such a big problem, but it is a bug. Any bug need a fix.
Among all this problems, the biggest bug can be the " show the video owner as channel operator" this is the biggest problem, well it took them the longest time to solve it, hasn't been solved yet.
Nothing bad towards youtube, I do love youtube very much, mainly because it's free, and have awesome features.
I hope youtube all the best ;) and hope we all everyone happy everyday ^_^