Summary:
YouTube has evolved into one of the largest media companies in the world.
Acquired by Google in 2006 for $1.65 billion.
Investors now speculate if YouTube could be worth as much as $400 billion like Netflix.
The platform's staying power was uncertain during its early days.
YouTube's Evolution
YouTube has transformed itself from a platform for funny cat videos and dance history explorations to one of the largest media companies globally.
Image Source: Future Publishing | Future | Getty Images
The Google Acquisition
In 2006, Google acquired YouTube for $1.65 billion during the early days of the online video boom. At that time, the platform's long-term viability was uncertain.
Current Perspectives
Fast forward eighteen years, and investors in Google's parent company, Alphabet, are now considering a strangely positive kind of uncertainty regarding YouTube's future. Could this overlooked business be worth as much as Netflix, estimated at nearly $400 billion? The questions linger: What’s next for YouTube?
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