Hurley stepping down as YouTube chief executive

Oct 29, 2010
YouTube co-founder Chad Hurley, pictured here on April 2010, is stepping down as head of the online video-sharing superstar bought by Google for 1.65 billion dollars in 2006.

YouTube co-founder Chad Hurley is stepping down as head of the online video-sharing superstar bought by Google for 1.65 billion dollars in 2006.

"For the past two years, I've taken on more of an advisory role at as Salar Kamangar has led the company's day-to-day operations," Hurley said in a statement released by YouTube on Friday.

"I will continue to serve as an advisor and am excited to witness the next phase of YouTube's growth."

Google web applications vice president Kamangar is filling the chief executive seat vacated by Hurley.

does not release revenue figures for YouTube, but senior executives have boasted that revenues from display advertising at the service is climbing and suggested recently that it is near profitability.

YouTube has been gradually adding professional content such as full-length television shows and movies to its vast trove of amateur video offerings in a bid to attract advertisers.

lore has it that YouTube was cooked up at a dinner party in 2005 and served up by founders Chad Hurley, Steve Chen and Jawed Karim.

The website was reportedly inspired by a desire for a way to use the Internet to share digital videos shot during the soiree.

Users flocked to the website, uploading everything from goofy original snippets to television, movie and concert clips.

Chen and Hurley met in 1999 while working at PayPal before the online financial transactions service, which was bought three years later by Internet auction site for 1.5 billion dollars.

Hurley, 29, is a Pennsylvania native who earned a bachelor degree in design in his home state. He was hired by after applying for a job via e-mail.

Explore further: The New York Times to cut 100 newsroom jobs

add to favorites email to friend print save as pdf

Related Stories

YouTube views over one billion a day: co-founder

Oct 09, 2009

The number of video views a day on YouTube has surpassed one billion, the co-founder of the wildly popular video-sharing site said Friday on the third anniversary of its acquisition by Google.

YouTube chief says ad sales soaring

Dec 08, 2009

(AP) -- YouTube's chief executive says ad sales are soaring, but there is still no word on whether the popular video-sharing site is making money.

Univision coming to YouTube

Nov 16, 2009

YouTube and Univision announced an agreement on Monday to bring short- and long-form programming from the Spanish-language broadcast network to the video-sharing site.

Recommended for you

Germany's Rocket Internet has lukewarm IPO

1 hour ago

Germany's ambitious start-up platform Rocket Internet made its high-profile arrival on the Frankfurt stock market on Thursday but got off to a disappointing start as shares slumped in morning trading.

Samsung China supplier sues US labor watchdog

1 hour ago

A Chinese supplier of Samsung Electronics Co. filed a lawsuit accusing a New York City-based labor watchdog of spreading false rumors of child labor, but the labor group says it has evidence to back up its report.

The New York Times to cut 100 newsroom jobs

17 hours ago

The New York Times Co. says it is cutting about 100 newsroom jobs through buyouts and layoffs in an effort to trim costs and focus more on its digital efforts.

User comments : 0