YouTube reaches 1bn milestone

YouTube has hit the 1bn user mark, eight years after the video sharing service launched. The business put the rise – which puts it close to a par with Facebook in terms of monthly visitors ­– down to more people visiting on mobiles. YouTube was bought by Google for $1.76bn (£1.16bn) when it had approximately 30m users. The acquisition, Google’s biggest at the time, is now seen as a bargain.