YouTube having a good ‘TIME’, still grabbing the headlines
YouTube, the video-sharing website which had been recently acquired by Google for 1.65 billion dollars, beat out a vaccine that prevents a cancer causing sexually transmitted disease and a shirt that stimulates a hug to grab top honors at ‘Time’ magazine’s “Invention of the Year for 2006.”
Great, isn’t it? ‘Time’, owned by media conglomerate Time Warner, wrote that YouTube’s scale and sudden popularity have changed the rules about how information – along with fame and embarrassment- gets distributed over the web.
YouTube, which had 27.6 million unique visitors in September, according to Nielsen Netratings, came along at just the right time: Social networking sites were hot, camcorders were cheap and do-it-yourself media was expanding beyond text-based blogs.