It was a shock for its fans and unbelievable when YouTube announced that it is going to shut down. Yes, it was an April Fool’s prank. Just last week it announced that that one billion people visit it every month

"It's finally time to pick the winner," It announced in a Video posted on its homepage yesterday.

Tim Liston, named as "competition director announced that YouTube is very close to the end and will no longer be accepting entries.

“After eight amazing years, it is finally time to review everything that has been uploaded to our site and begin the process of selecting a winner," he said

Liston said that distinguished" film critics, YouTube celebrities and some of the site's "most prolific" commentators are on the judges' panel.

Only last week it took pride in saying that if YouTube were a country, “we'd be the third largest in the world after China and India,

"PSY and Madonna would have to repeat their Madison Square Garden performance in front of a packed house 200,000 more times. That's a lot of Gangnam Style," it added referring to the South Korean rapper and American pop singer.

“Advertisers have taken notice. All of the Ad Age Top 100 brands are now running campaigns on YouTube. YouTube now has more than a billion unique users every single month,” the YouTube team had  said.
 
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