Youtube founder decides to call it a day

YouTube was originally created by Steve Chen, Chad Hurley and Jawed Karim. The trio managed to create a web hub that was literally buzzing, something that Google were apparently prepared to pay $1.65 billion for. Maybe the fact that the company was no longer run by the trio has led to the most recent departure of Steve Chen.

Steve Chen, even though he didn’t own the company anymore, still had a hugely important role; in fact he was the chief technology officer at YouTube. It is said that although Chen has moved away from YouTube, he will still be partly involved, as well as possibly being involved in various other projects. The news of the move has created suspicion that the likes of Chad Hurley and Jawed Karim are possibly the next on the ‘move’ list.

Whilst the move may be a significant turning point in Chen’s career, others don’t seem to think so. According to sources Chen actually moved a while ago, and the lack of coverage suggests that he probably wasn’t a major loss to YouTube itself. Whilst his roles were essential to begin with, various technical teams now have most bases covered.

In fact, there are a range of rumors that are surrounding Chen’s departure. Some suggest he will be a great loss to the company, where as some suggest his involvement was dragging YouTube down considerably. YouTube will be reporting losses in excess of $175,000,000, so it is quite obvious that the strategies put into place are not creating a good enough cash flow.