YouTube: VidSharing

Video sharing is the easiest and fastest way to start building your social media portfolio. Great examples on vlogging are sites like Vine and YouTube.
The Creation
YouTube was created on February 14, 2005 when three former PayPal employees activated the Internet domain name “YouTube.com” and started to create a video-sharing website on which users could upload, share, and view videos.
The Growth
During the summer of 2006, YouTube was one of the fastest growing sites on the Web uploading more than 65,000 new videos and delivering 100 million video views per day and out-growing MySpace. And in June 2006, YouTube entered into marketing and advertising partnership with NBC which then completely blew-up the company and grew incredibly.
Purchased by Google
On October 9, 2006, it was announced that Google would purchase YouTube for US$1.65 billion in stock. The purchase agreement between Google and YouTube came after YouTube presented three agreements with media companies in an attempt to escape the threat of copyright-infringement lawsuits. The deal to acquire YouTube closed on November 13, and was, at the time, Google’s second largest acquisition.
More Growth
YouTube has become so popular and huge that the site has its own awards called “YouTube Awards” that were established in 2007. On July 23, 2007 and November 28, 2007, CNN and YouTube produced televised presidential debates in which Democratic and Republican US presidential hopefuls fielded questions submitted through YouTube.
The growth of this company is still one of the largest in the world. Continuing its growth, in November 2008, YouTube reached an agreement with MGM, Lions Gate Entertainment, and CBS, allowing the companies to post full-length films and television episodes on the site, accompanied by advertisements in a section for US viewers called “Shows”. The move was intended to create competition with websites such as Hulu, which features material from NBC, Fox, and Disney.
Most Recent
On March 21, 2013, the number of unique users visiting YouTube every month reached 1 billion and in 2013, YouTube continued to reach out to mainstream media, launching YouTube Comedy Week and the YouTube Music Awards.
Conclusion
From a college student always looking for new things to discover, if I am ever looking for something new or how to do something, the first thing I do is enter Youtube,com into my search box and I always get what I need.