YOUTUBE TURNS 20 AND IS ON TRACK TO BE THE BIGGEST MEDIA COMPANY BY REVENUE

Summary from the TLDR newsletter

Twenty years ago, Jawed Karim uploaded a 19-second clip to his new platform YouTube, sparking a new era in online video. Founded by Karim, Steve Chen, and Chad Hurley, the service was sold to Google in 2006 for $1.65 billion. It has since evolved into a global media juggernaut worth up to $550 billion. YouTube is set to become the biggest media company by revenue this year. A key challenge for YouTube will be the possible remedies the Department of Justice will seek in Google's antitrust case.