The YouTube Timeline: From Video-Sharing Bliss to a Burnout Nightmare
When former PayPal employees Jawed Karim, Steve Chen and Chad Hurley founded YouTube in 2005, they wanted to create a single location for people to share videos. Their idea received an $11.5 million investment from Sequoia Capital and the site was launched in December of that year.
Google purchased YouTube in 2006 for $1.65 billion. By then, YouTube announced that over 65 thousand videos were being uploaded and 100 million videos were being watched on the site per day.
2009 was the year vlogging and gaming channels gained popularity, followed by new ad formats that were introduced in 2010. By 2011, users began realizing they could make careers from posting YouTube videos and generating ad revenue.
YouTube promised content creators both freedom and monetization, and it was based on that promise the platform grew to become the second most popular site in the world. But as more and more content creators raised their voices against the platform’s ad policies and made teary burnout confession videos, it is safe to say that promise was broken.
In February 2017, The Times in London reported that YouTube placed ads on terrorist organizations’ videos. When major advertisers such as AT&T and Pepsi threatened to pull ads, YouTube announced it would work with advertisers to verify the type of content or creator for ad placement.
Off the heels of that announcement, YouTube introduced new policies which allowed advertisers to avoid advertising on certain videos, and YouTubers started experiencing significant demonetization.
A second scandal hit YouTube in late 2017, this time in the form of predatory content in videos meant for children. In an attempt to keep advertisers happy, YouTube tightened its grip on advertising and even more creators were getting ready for another “adpocalypse.”
Add that to the growing pressure on creators to supply fresh content on a daily basis and continuously interact with their followers for the fear of losing their income, plus the amount of work that goes into producing a single video, and it’s no wonder that YouTube stars Phillip DeFranco (6.3 million subscribers) and PewDiePie (69 million subscribers) are among the many creators confessing burnout.
To avoid this type of centralized network control, the entertainment industry is starting to see a shift by celebrities from the YouTube-type of traditional social media platform to POPs – Personally Owned Platforms.
A-list stars such as Jeremy Renner, the Bob Marely Estate, Amber Rose, Ashley Tisdale and Alessandria Ambrosio have all launched their own apps that enable them to engage their audiences in a meaningful way, release themselves from the ironclad control and ownership of traditional social media platforms and benefit from their hard-earned following on their own terms.
Taylor Davis, for example, a YouTube star with 2.4 million followers uses her app frequently because she feels closer to her core fans and can engage with them more freely and efficiently than any other platform. The other very attractive benefit of posting to her app is that the content she publishes there is fully owned by her.
With more celebrities like Paris Hilton launching their own POPs soon, we can expect to see YouTube stars abandoning the platform that launched their careers in favor of something they can own and monetize themselves.