Definition - What does YouTube mean?
YouTube is a popular video sharing website where registered users can upload and share videos with anyone able to access the site. These videos can also be embedded and shared on other sites. YouTube was developed by former PayPal employees in 2005 and was acquired by Google in 2006. It has had a profound impact on media and advertising.
Techopedia explains YouTube
Most of the videos found on YouTube are created by amateurs, but some professional film makers also use the platform to share their work. Virtually all types and genres of videos are posted on the site, from sports accidents to homemade music videos. Copyrighted work also makes its way onto YouTube, which has raised many issues for companies that produce media for traditional outlets such as television.
Because of the nature of YouTube sharing and voting, there have even been cases where new talents got discovered through simple videos, one of the most notable of which is teen pop star Justin Bieber. On the other hand, it is also possible for YouTube stars to profit from the videos they post on the site through YouTube's ad revenue sharing program.