YouTube surpasses one billion monthly regular users

YouTube, the video sharing site owned by Google, has announced it has passed one billion regular users.
Announcing the milestone on its blog, the site said a recent growth in smartphones had helped boost the numbers visiting the site every month.
YouTube's popularity provides Google with a lucrative channel through which to sell advertising, alongside its core search business.
YouTube was launched in 2005 and bought by Google in 2006.
It paid US$1.76 billion for the site, which at the time had an estimated 30-40 million users world-wide.
With one billion monthly users, it poses a challenge to Facebook as the internet's largest social network.
Facebook reached a billion users in October last year.

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