General Knowledge · Question
Video streaming website YouTube was purchased in it's entirety by Facebook for US$1.65 billion in stock.
Answer
False
The story behind the answer
False. YouTube was acquired by Google—not Facebook—for US$1.65 billion in Google stock in 2006. The deal gave Google a dominant position in online video and advertising, while Facebook had no role in this purchase.
Context to remember: YouTube was founded in 2005 by former PayPal employees Chad Hurley, Steve Chen, and Jawed Karim; its first upload was “Me at the zoo.” Google’s acquisition led to powerful ad integration and tools like Content ID. If you’re mixing it up with Facebook, recall Facebook’s major buys were Instagram (2012, about $1 billion) and WhatsApp (2014, about $19 billion). Memory tip: “YouTube went to Goo-gle, not Face-book.”