Youtube is a popular free video sharing website which lets users upload, view, and share video clips. It was founded in February 2005 by three former employees of Paypal. They are Chad Hurley, Steve Chen and Jawed Karim. They started a small website and a few video. As time goes by, they company grew from a small number of people to sixty-seven people. When they advertise on yahoo, people kept going in to the website. The company was named on the magazine TIME “Inventions of the year” for 2006. In my opinion, the company was fantastic as within a year they were given a name or a title of something. I have been asking this question when I started doing this homework. Why Google spend so much money on Youtube other than other video sharing website? After much of the consideration, before during research on the question, I think the reason is because Youtube is the only video sharing website that attracts people. After spending some time on to the question, I have found out that Youtube is the market leader in the fastest growing part of the internet. As broadband speeds get faster and faster more and more people are going to watch video on the net. 90% plus of the market will go to YouTube. Google tried to compete but got nowhere, so they bought the company. It is worth pointing out that they didn’t pay out cash. Google bought YouTube for shares & the owners have signed a contract agreeing that they’re not going to sell those shares for a few years. From what I think, Google have paid more than what Youtube people are supposed to receive. I also found out that at least one million people visited the website in a month. Co-founders Mr. Larry Page, president of Products, and Sergey Brin, president of Technology discussed on how to expand Youtube. They said “There are two ways that I know how Google will make money out of You Tube. The number of people visiting the site is already very large and will be even bigger in the next few years. Google will link its various services to YouTube and drive even more people over there. There are a handful of sites on the net that get more than 100 million people visiting each month & Google/YouTube is one of them. Also, the basic service will still be free but we think you’ll see the introduction of paid add-on services. Google could easily offer a movie download service for example and split the revenue with the film studios. Google will end up offering a whole range of ‘social networking’ services through YouTube and could even end up using it to compete with MySpace.”Dr Vivian Balakrishnan, Minster for Community Development, Youth and Sports and Second Minster for imformation, Communication and the Arts said that “Singapore needs to attract individuals with bright ideas who can develop the next Youtube or the next Skype”. So in order to do this, he participated in a series of discussionson on new media at the World Economics Forum(WEF), it is an annual pow-wow between policy-makers, thinkers and businessmen which was held at Swiss ski resort. Dr Vivian Balakrishnan also said that “The key thing is that the biggies are all coming from small groups of individuals with a bright ideas. For us to get our share, we need to be able to attract some people with some ideas and give them a lanch pad to develop these ideas and plug into the global market.” From what I know about this passage now is that Dr Vivian Balakrishnan is telling us that every company start from a small office or a small group and then they slowly expand the company until they are avilable in the global market and she give oppurtunities to those who give out bright ideas by helping them in their financial needs and develop their ideas. This might help us to get in to the global market like those three men who created Youtube. The global market can help Singapore to get even more money like the company called Creative. How did Creative make so much money? Creative sell their product worldwide rather than just selling in Singapore. If we only sell in Singapore, not mant people will buy. But if you sell it worldwide, it can not only money, it can also tell foreginers that Singapore is a very efficient country.
Those I agree
1) About the number of people visiting the site is already very large and will be even bigger in the next few years, I very much agree as this site is the most popular site although I didn’t see any advertisement. This means that without any wasting money on advertisement, this website will be famous regarding on the amount of videos. Nevertheless, it also means that Google make money instead of spending their hard earn money on some advertisement on web or on the newspaper.
2) If Google let people easily offer a movie download service for example and split the revenue with the film studios, illegal disc seller will not be able to download it and sell to digital immigrants or selling to film directors for further information on their movie as some video are only available on Youtube.
Those I disagree
1) If Google will link its various services to Youtube, I would think that the website is not a good one or what we say an “inefficient” website. This also shows that Youtube have a low standard or a no quality website. It also shows that people are not satisfied with Youtube, maybe because there are insufficient of videos.
2) The basic service will still be free but it may become a paid add-on service for account or maybe some videos like those in the cinemas. I very much agree with it. For movies in the cinema, take that as an example. They can just show us half of the show or even one-quarter of it instead of paying the amount of money every time you see it once. If you add up all the money you spend on a movie, you can even buy the disc, unless you are impatient. You can also watch the movies in the cinemas, unless you are absent-minded.
My opinions
It has taught me that even a big company must start from a small company and slowly expand it. It also answer my question that type in the passage. I think that the way to increase the population, not by advertising but by the numbers of movies or videos or how interesting the website can be like the design of the website.