Who Owns Google Company And YouTube?
With over 3 billion active users, Google is one of the biggest companies in the American information technology industry.
This is closely followed by YouTube, with over 2 billion active users.
In addition, Google and YouTube are some of the most popular websites globally; Google processes over 3.5 billion searches per day, while around half of the world’s internet users access YouTube.
However, who owns these famous companies and how are they connected? Read on to find out.
The Creation Of Google
On September 4, 1998, Google LLC was founded by Larry Page and Sergey Brin, who were then PhD students of Standard University, California.
The company began as a research project for Larry and Sergey; there was, however, a third unofficial founder “Scott Hassan”, who wrote the original code for Google Search engine and served as the lead programmer.
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However, Hassan left before Google was officially made a company.
Larry and Sergey initially named the search engine “BackRub”, but over time decided to go for Google instead and registered the domain name “www.google.com” on September 15, 1997.
The company, which was later incorporated on September 4, 1998, had its base in the “garage” of Susan Wojcicki in Menlo Park, California.
Craig Silverstein, a fellow PhD student at Stanford, became the first employee of Google.
The company provided internet-related services and products, like a search engine, cloud computing, software, and hardware.
Page and Sergey own about 14% of its publicly-listed shares and control 56% of the stockholder voting power.
On August 19, 2004, Google went public via an initial public offering (IPO).
The company shares were sold for $85 per share. In 2015 the company was reorganized as a wholly-owned subsidiary of Alphabet Inc.
Google serves as a holding company to Alphabet’s Internet properties and interests and is recognized as Alphabet’s largest subsidiary.
Over time, Google services have incorporated a lot more, and It offers services designed for work, instant messaging, video chat, language translation, mapping, navigation and many more.
Larry Page served as the CEO of Alphabet Inc.. before being replaced with Sundar Pichai on December 3, 2019.
The company currently have 139,995 employees, makes an annual revenue of over $181.69 billion and is operated in 219 countries in the world.
Who Owns Google Company And YouTube?
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So Who Owns YouTube?
YouTube is a subsidiary of Google; however, not many are aware of this information.
Steve Chen, Chad Hurley, and Jawed Karim created the online video sharing and social media platforms and launched them on February 14, 2005.
However, in November 2006, Google announced the purchase of the video service site “YouTube” for $1.65 billion, and since then, YouTube has become one of Google’s subsidiaries.
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The video-sharing site currently has more than two billion active users and generates annual revenue of $3.4 billion.
It’s no surprise that Google is one of the most successful information technology companies with YouTube and several other subsidiaries.
It is indeed the biggest company in the American information technology industry.
