You Tube, the world’s most popular video-sharing website turns 5 this month. You Tube is a subsidiary of Google. Over the past five years, YouTube has grown to monetize 1 billion videos per week, become the third most visited site on the Internet and to have more than 24 hours of video uploaded to its site every minute. YouTube appears to have a bright future, says Fortune. The service is expected to be at the center of a major TV announcement by Google, Intel and Sony this week.
According to BBC News, the site has become an important tool of the business world. Organizations use YouTube site to market and promote their products and services to large audiences and for internal video communications. Analysts have suggested that 2010 could be the year YouTube reaches profitability. So, use YouTube to promote your brand effectively.