Today YouTube is celebrating its eighth year birthday, the site was launched on May 2005. YouTube starts career with 20-sec video clip, now it has millions of videos in it.
"And so, on our eighth birthday, we’d like to thank you for making YouTube the special place that it is. For showing us how video can create connections, transcend borders and make a difference. For clicking these links even if you aren’t sure what they’ll be, but you trust us. In short, thanks for making us better in big ways and small ones, too. We can’t wait to see what you come up with next." said on official blog post
YouTube's growing unstoppable, I think definitely it will beat Facebook soon. The company introduces various features for users, especially recently it released paid subscriber channels, it helps to video creators to earn decent money from visitors.