Finweek English Edition - - IN BRIEF -

It’s been 10 years since YouTube co-founder Jawed Karim posted the first video – of his visit to the zoo – on the video-shar­ing site. YouTube, which was bought by Google in 2006, is fac­ing in­creas­ing com­pe­ti­tion from Face­book, which has seen video down­loads reach 4bn a day from 1bn in Septem­ber last year. While Google does not dis­close view­er­ship or rev­enue num­bers for YouTube, daily views on the site is ex­pected to reach 7.9bn by year end, ac­cord­ing to es­ti­mates from Cowen & Co.

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