YOUTUBE celebrates 5 year anniversary

YouTube has launched a new channel in celebration for its five year anniversary this month. The channel is a host to many user submitted videos discussing how YouTube has changed their life over the past 5 years, and how it’s affected their use of social networking sites and internet media in general.  You can find the channel called YouTube FiveYear with just over 10,000 subscribers already, and growing quickly.

When YOUTUBE.com was launched 5 years ago it seemed like a revolutionary idea. Sent into beta with just a few bright minds and some creative spirit, the idea caught on quickly. So quickly, in fact, that Google purchased the site 18 months after launch for $1.65 billion.  For more on YouTube 5 year anniversary click here.

To date YouTube has still been in overall negatives for profit margins. However as a few analysts from Google’s media team have mentioned, this year will be the first time the company has a chance of just breaking even after paying bandwidth costs for streaming millions of videos daily.