YouTube – The Latest Web Phenom

“A year ago, co-founders Chad Hurley and Steve Chen were in between jobs, a pair of twenty-something geeks running up big credit card debts as they tooled around a garage trying to develop an easy way for people to share homemade videos on the web. Now they’re flirting with fame and fortune, budding media moguls in a new entertainment era that relies on unconventional channels like YouTube — by some measures, the leading video-sharing site, one that has cultivated a huge audience while testing the bounds of creativity, monotony, copyrights and obscenity.”