67 total views
In 2006, Ms. Wojcicki was in charge of Google Videos and acquisitions. The “big guy” has his eye on YouTube, a Silicon Valley startup with nothing in hand, after Wojcicki watched a video of two Chinese boys lip-syncing the Backstreet Boys’ “As Long As You Love Me”.
The two boys passionately lip-syncing despite their roommates doing their homework in the back is hilarious, at least for Mrs. Wojcicki. (The roommate was actually playing Counter-Strike, though.)
“It was the video that made me realize, ‘Oh, people around the world can create content without having to be in the studio,'” Wojcicki said at an event.
browser does not support iframes.
One thought crossed her mind, and six months later, she was spearheading Google’s $1.65 billion acquisition of YouTube. She has loved YouTube since watching the video and herself became CEO in February 2014.
Fifteen years later, Ms. Wojcicki proved herself right, and Google had a bargain when she got her hands on YouTube. The amount of $ 1.6 billion at that time seemed too large for a new 1.5-year-old startup. Some analysts have even said that Google is “reckless” and crazy because it has to shoulder so much responsibility for YouTube. Google itself admitted that YouTube was not worth the money at the time of acquisition.
However, from a platform with nothing in hand, no source of income, today, YouTube has become an online video empire. In 2020 alone, YouTube brought in 20 billion USD, or 11% of total revenue of Alphabet (Google’s parent company). YouTube has over 2 billion monthly active users and is the second most visited website in the world.
According to BI
#video #Google #spend #billions #buy #YouTube