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The choice of the name youtube.com led to problems for a
similarly named website, utube.com. Despite eventually being taken down, these duplicate uploads of the skit helped
popularize YouTube's reach and led to the upload of more third-party content.
Besides helping to bolster ratings and long-term
viewership for Saturday Night Live, "Lazy Sunday"'s status as an early
viral video helped establish YouTube as an important website.
YouTube was not the first video-sharing site on the Internet; Vimeo was founded in November 2004,
though that site remained a side project of its developers from CollegeHumor.
Between November 2005 and April 2006, the company raised money from various investors, with Sequoia
Capital and Artis Capital Management being the largest two.
Karim could not easily find video clips of the incident and the 2004 Indian Ocean tsunami online, which led to the idea of a video-sharing site.
In 2016, YouTube introduced an option to watch every video on the platform in 360-degree mode
with Snoop Dogg. The next year, YouTube added a music button to the video bar that
played samples from "Sandstorm" by Darude. A video of two presenters announcing the nominated videos
streamed live for 12 hours.
On February 16, 2023, Wojcicki announced that she would step down as CEO, with Neal Mohan named as her successor.
In 2020, Roku removed the YouTube TV app from its streaming store after the two companies were unable to reach an agreement.
After a 2018 complaint alleging violations of the Children's Online Privacy Protection Act (COPPA),
the company was fined $170 million by the FTC for
collecting personal information from minors under the age of
13. In response to EU officials requesting that such services reduce bandwidth to make sure medical entities had sufficient bandwidth to share information,
YouTube and Netflix said they would reduce streaming quality for at
least thirty days as to cut bandwidth use of their services by
25% to comply with the EU's request. During the COVID-19 pandemic,
when most of the world was under stay-at-home orders, usage of services like YouTube significantly
increased. YouTube released a mobile app known as YouTube
Kids in 2015, which was designed to provide an experience optimized for children. -
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