Portal:Internet/Selected article/46 2006
YouTube is a popular free video sharing Web site which lets users upload, view, and share video clips. Founded in February 2005 by three employees of PayPal, the San Bruno-based service utilizes Adobe Flash technology to display video. The wide variety of site content includes movie and TV clips and music videos, as well as amateur content such as videoblogging. Currently staffed by 67 employees, the company was named TIME's "Invention of the Year" for 2006. In October 2006, Google, Inc., announced that it had reached a deal to acquire the company for $1.65 billion USD in Google's stock, which is expected to close in the fourth quarter of 2006.