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YouTube is a free video sharing web site that lets users upload, view and share video clips. As of October 2006 it was one of the fastest growing and most popular web sites. The San Mateo, California-based service was founded in February 2005 by three employees of PayPal, a service that allows payments and money transfers to be made through the Internet. In October 2006, Google, Inc., announced that it would acquire the company for $1.65 billion in Google's stock. YouTube utilizes Adobe Flash technology to display the video clips. The wide variety of site content includes TV, movie and music clips as well as amateur videos.
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Created October 23, 2006. |