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During the summer of 2006, YouTube was one of the fastest growing sites on the Web
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On October 9, 2006, it was announced that the company would be purchased by Google for US $1.65 billion
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Time magazine featured a YouTube screen with a large mirror as its annual 'Person of the Year', citing user-created media such as YouTube, and featuring the site's originators along with several content creators.
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Originating in 2007, the YouTube Awards are annual awards given out in recognition of the best YouTube videos of the preceding year as voted by the YouTube community.
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