The Western world is having its social media privacy moment. Zuckerberg took his grilling on Capitol Hill and, in Europe, new rules are coming in May that require consumers opt-in to sharing information. Zuckerberg has been repeatedly asked by the press and politicians if Facebook will adopt a subscription model so it no longer needs to generate revenue from advertising. He has been clear that Facebook sees that as having some potential in certain markets, but is a limited solution and will not be the social media's company's primary business model. That's the only way we can reach billions of people," Zuckerberg told U. The key to Facebook's response lies in a single set of numbers: The average ad revenue Facebook gets from each user of its services, including Instagram and WhatsApp, each quarter.
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YouTube was launched in It was founded by three PayPal employees: Chad Hurley, Steve Chen, and Jawed Karim, who ran the company from a de rigueur small office above a small restaurant in a small Californian city. Today, he has plenty of company. Venture capital was not the only source of interest in the company: in late , Google, no less, came knocking. Time would include YouTube on its person of the year cover the same year.
YouTube Revenue and Usage Statistics (2020)
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