Monday, May 17, 2010

YouTube celebrates 5th birthday, gets two billion views daily

YouTube launched in May 2005 with a specific goal; to make it possible for users to easily upload and share videos with each other. The type of content wasn't particularly important, as long as the process was easy for the uploader and the viewer. Not long after it launched, YouTube built a multi-million community of users and became a well known brand.
The site now exceeds over two billion views daily, which it points out is double the prime-time audience of all three major U.S. television networks combined. It has hosted all kinds of video content from homemade videos to coverage of social unrest, such as the Iranian election protests in 2009 that showed the power of social media to spread information. The website is currently blocked in China.
More than 24 hours of video footage is currently uploaded to YouTube every single minute.
YouTube has launched the YouTube FiveYear Channel, which includes the "My YouTube Story" project where users from all over the world describe how YouTube affected their lives. Users can submit videos here, and they may be selected for the My YouTube Story project. no word
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HIGHLIGHTS-Euro zone finance ministers' meeting

"We need to look at the taxation of banks and the financial sector in general in a collective way."
"I think it's a little bit far-fetched to assume that the taxation will be on financial transactions, that might not be the most efficient way of assessing the type of levy."
"So we need to have an open mind. Particularly we need to wait until the IMF reports back to the G20 on its additional findings and its report."
"There are various approaches -- we need to find the most appropriate and most efficient."
On euro zone aid measures:
"As far as I'm concerned, I think we have homework to do. We have confidence to build and strengthen, and there is a roadmap that we have which is (to) make sure ... that the special-purpose vehicle is set up and properly organised and that the mechanism is in place so that we can demonstrate to markets that we actually put our money where our mouth is."open your eye
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