Susan Wojcicki, a longtime Google executive who played a key role in the company's creation, is stepping down as YouTube's CEO after spending the past nine years running the video site that has reshaped entertainment, culture and politics.
In 2006, Google bought Wojcicki’s home to serve as a monument to the roots of a company now valued at $1.2 trillion. During Wojcicki’s career at Google, Brin became her brother-in-law when he married her sister, Anne, in 2007. Brin and Anne Wojcicki divorced in 2015.
Wojcicki’s departure comes at a time when YouTube is facing one of its most challenging periods since Google bought what was then a quirky video site facing widespread complaints about copyright infringement in 2006 for an announced price of $1.65 billion. The all-stock deal was valued at $1.76 billion by the time the transaction closed.
Although Google was initially derided for paying so much for a video service whose future appeared to be in doubt, it turned out to be a bargain. Besides becoming a cultural phenomenon that attracts billions of viewers, YouTube also has become a financial success with ad revenue totaling $29 billion last year. That was up from annual ad revenue of $8 billion in 2017 when Google’s corporate parent, Alphabet Inc., began to disclose YouTube’s financial revenue.
The case stems from the 2015 death of an American woman killed in Paris during an attack by Islamic State in an incident that spurred the victim’s family to file a lawsuit alleging YouTube’s algorithms aided the terror group’s recruitment. If the court decides that tech companies can be held liable for material posted on their sites, experts say the effects could not only destroy YouTube but shake up the entire internet.That’s because under the U.S.
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